Corporate Governance and Sustainability

    Introduction to Corporate Governance   Increased amount of corporate scandals in the corporate world makes firms pay much attention to the significant impact of stakeholders on the corporation’s financial success and development. Scandals like Adecco , Parmalat, Toshiba, wells Fargo brough much needed attention towards corporate behavior of firms.  (Hurst, 2004) Existing examples of misconducts by the corporate employees question how the corporate ethics efforts can be improved and also to be socially responsible and be sustainable as a business. Internally well governed and responsible organizations mean good corporate citizens. When an organization is not well governed and not being practicing proper corporate practices, those organizations are unlikely to be conscious about society which is the first step towards CSR. Corporations Image reflects its values and the way of doing business. The main elements of corporate governance can be identified as Corporat...