In recent years, as corporations and governments have increasingly been confronted with managing the expectations of a society newly alerted to the social and environmental risks of economic development, recognition is dawning that achieving a sustainable world is dependent upon the democratic management and equitable distribution of these risks for now, and for the future. This book, the first to explore the themes of corporate governance and sustainability, argues that a better system of governance on a number of levels holds the key.
Contributed to and edited by a distinguished international team, this book recognizes the complex and contested nature of both sustainability and governance, and that these key concepts have been redefined considerably over time.
As sustainability poses new and major challenges for the theory and practice of corporate governance, this book, ideal for postgraduate students of business and management, identifies and addresses these challenges.
Table of Contents
Part A: Introduction: Governance and Sustainability Challenges 1. New Forms of Governance: Changing Relationships between Corporates, Government and Community 2. Understanding Corporate Sustainability: Recognizing the Impact of Different Governance Systems Part B: Limitations of Existing Models of Corporate Governance 3. Why Corporate Governance Rankings do not Predict Future Value: Evidence from Toronto Stock Exchange Listings 2002-2005 4. Synthesizing Governance Themes from Political and Management Theory 5. Towards a Definition of Governance for Sustainability: Networks, Shared Values and New Knowledge 6. Financing Environmental Sustainability: A New Role for the Law Part C: Redesigning Governance for Sustainability 7. Sustainability in Paradigms and Practices at Board-Level in Anglo American Plc 8. Codes of Conducts as a Tool for Sustainable Governance in MNCs 9. The Case of Governance for Sustainability at IAG 10. The Civil Regulation of Corporations: Towards Stakeholder Democracy 11. The Materiality of Sustainability: Corporate Social and Environmental Responsibility as Instruments of Strategic Change?
'Engaging the private sector in the achievement of sustainability is crucial. For businesses, and other institutions, an important part of this engagement should be based on sound governance. This excellent book demonstrates that good governance is central to operating in a society with increased environmental and social risks. Leading contributors show that we have a lot to learn from bringing together different perspectives and approaches in achieving a sustainable future.' - Richard Welford, University of Hong Kong