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Governance for Sustainability

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  • John Elkington
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    Abstract

    Corporate governance is fundamentally about such questions as what business is for-and in whose interests companies should be run, and how. Wider issues such as business ethics through entire value chains, human rights, bribery and corruption, and climate change are among the great issues of our time that increasingly cross-cut the rarefied worlds of corporate boardrooms. As a result, a growing proportion of SustainAbility's work has seen the fusion of corporate governance with such wider societal concerns. This paper reviews the increasingly complex cross-connects between the rapidly mutating governance agenda and the burgeoning world of corporate responsibility, social entrepreneurship and sustainable development. We will move through three stages: (1) a brief review of work that SustainAbility has done in the area of corporate governance; (2) the three great waves of societal pressure on business since 1960, and where things seem likely to head next; and (3) some headline conclusions that emerged in this field from the World Economic Forum's 2006 annual summit in Davos. Copyright (c) 2006 The Author; Journal compilation (c) 2006 Blackwell Publishing Ltd.

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    Bibliographic Info

    Article provided by Wiley Blackwell in its journal Corporate Governance: An International Review.

    Volume (Year): 14 (2006)
    Issue (Month): 6 (November)
    Pages: 522-529

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    Handle: RePEc:bla:corgov:v:14:y:2006:i:6:p:522-529

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    Web page: http://www.blackwellpublishing.com/journal.asp?ref=0964-8410&site=1

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    Cited by:
    1. Windsor, Duane, 2009. "Tightening corporate governance," Journal of International Management, Elsevier, vol. 15(3), pages 306-316, September.
    2. Francesco Perrini & Angeloantonio Russo & Antonio Tencati & Clodia Vurro, 2011. "Deconstructing the Relationship Between Corporate Social and Financial Performance," Journal of Business Ethics, Springer, vol. 102(1), pages 59-76, March.
    3. Hall, Jeremy K. & Daneke, Gregory A. & Lenox, Michael J., 2010. "Sustainable development and entrepreneurship: Past contributions and future directions," Journal of Business Venturing, Elsevier, vol. 25(5), pages 439-448, September.
    4. Michelle Rodrigue & Michel Magnan & Charles Cho, 2013. "Is Environmental Governance Substantive or Symbolic? An Empirical Investigation," Journal of Business Ethics, Springer, vol. 114(1), pages 107-129, April.
    5. Elena-Roxana ANGHEL ILCU, 2011. "Sustainability reporting and assurance in Great Britain and France," Journal of Doctoral Research in Economics, The Bucharest University of Economic Studies, vol. 3(2), pages 3-16, June.
    6. Reyes Calderón & José Álvarez-Arce & Silvia Mayoral, 2009. "Corporation as a Crucial Ally Against Corruption," Journal of Business Ethics, Springer, vol. 87(1), pages 319-332, April.

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