In my latest publication for the Oxford Research Encyclopedia of Business and Management, I define sustainable corporate governance as follows:
"Sustainable corporate governance is the set of arrangements that ensure that the firm focuses on maximizing long-term shareholder value, which goes hand in hand with the consideration of broader stakeholder interests in the firm’s decision-making. The focus on long-term shareholder value creation not only enhances the survival of the firm in the long run, but it also promotes the preservation of the firm’s ecosystem."
I then review the literature on whether and how different types of shareholders promote sustainable corporate governance in their investee firms. Read more here.
Source: Goergen, M. (2022), ‘Governance through Ownership and Sustainable Corporate Governance’, in Oxford Research Encyclopedia of Business and Management, Oxford University Press, https://doi.org/10.1093/acrefore/9780190224851.013.370.