Publication Date:
2017
Abstract:
Definitions: The ability of a corporate governance approach, based on a wide vision of responsibility, on a modern interpretation of the links between the
long-lasting company success and the equal composition of all stakeholders’ interests, to facilitate the convergence in corporate governance systems;
the changes that sustainability causes in the framework of rules and practices by which a board of directors ensures accountability, fairness, and
transparency in relationship with all stakeholders, increasing the potential for value creation in the long run; and the trend to smooth out the differences
in behavior that have long characterized outsider and insider corporate governance system due to the similar strategic approaches carried out by sustainable companies.
long-lasting company success and the equal composition of all stakeholders’ interests, to facilitate the convergence in corporate governance systems;
the changes that sustainability causes in the framework of rules and practices by which a board of directors ensures accountability, fairness, and
transparency in relationship with all stakeholders, increasing the potential for value creation in the long run; and the trend to smooth out the differences
in behavior that have long characterized outsider and insider corporate governance system due to the similar strategic approaches carried out by sustainable companies.
CRIS type:
2.1 Contributo in volume (Capitolo o Saggio)
Keywords:
Comparative corporate governance; Convergence in corporate governance according to globalization and Corporate Social Responsibility (CSR); Environmental, social, and governance (ESG); Harmonization of corporate strategy, objectives, and performances; Hybridization of corporate governance systems; Stakeholder relationship management and long-term value creation
List of contributors:
Salvioni, Daniela; Gennari, Francesca
Book title:
Global Encyclopedia of Public Administration, Public policy and Governance