Introduction to Special Issue on Sustainable Corporate Governance

Tonks, Ian; Goergen, Marc

doi:10.1111/1467-8551.12325

Cited by 11 publications

(6 citation statements)

References 30 publications

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“…Gender pay gap (GPG) reporting, recently mandated in the UK, was designed to encourage firms to reduce their GPG. However, because it applies to all companies with over 250 employees (Goergen & Tonks, 2019), anecdotal evidence shows companies reducing or changing the contract types of employees. Further research is required on the unintended outcomes of reporting policies.…”

Section: Changing Disclosure and Compliance Strategies And Managing Impressionsmentioning

confidence: 99%

Narrative Reporting: State of the Art and Future Challenges

Michelon

Trojanowski

Sealy

2021

Accounting in Europe

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Narrative reporting, both in relation to financial and non-financial information, is increasingly used and often mandated, with significant managerial discretion regarding content. As policy makers consider reporting as a tool for regulation to steer the behaviour of companies towards improving practices and performance upon which they have to disclose, the aim of this paper is to provide the state of the art in the academic literature on narrative reporting and identify future challenges. In order to do so, the paper investigates three questions: (1) How has the quality of narrative reporting been defined?(2) What narrative information is required and used by various stakeholders? (3) What are the real effects of narrative reporting? In answering these three questions, our review also gives implications for both future academic research and policy makers.

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Section: Changing Disclosure and Compliance Strategies And Managing Impressionsmentioning

confidence: 99%

Narrative Reporting: State of the Art and Future Challenges

Michelon

Trojanowski

Sealy

2021

Accounting in Europe

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“…A sustainability strategy reflects an EMN’s method for integrating economic, social and environmental dimensions into its day-to-day decision-making processes. This variable also considers the EMN’s commitment to and effectiveness in following governance principles related to sustainability (Goergen and Tonks, 2019). This variable will influence the levels of sustainability performance positively (Wicher et al , 2019).…”

Section: Methodsmentioning

confidence: 99%

The mediating effect of sustainability strategy between sustainability committees and business performance: can persistent assessment condition this effect?

Arceiz

Rio

Pérez-Grueso

2022

SAMPJ

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Purpose This study aims to analyse the role of persistence in the assessments carried out by sustainability agencies in the interaction between sustainability committee characteristics, sustainability strategies and performance. Design/methodology/approach The authors accessed a sample of European sustainable multinational and transnational companies (EMNs) for the period 2008–2017 from RobecoSAM universe. Using a set of simultaneous equation models, the authors test the effect of the sustainability committee on sustainability performance considering the sustainability strategy as a mediating element. Moreover, the authors analysed if the persistent assessment of sustainability agencies conditions the previous interaction. Findings Persistence of the sustainability assessment performed by an external agency is necessary to support the sustainability strategy and the sustainability committee, legitimating an organization in its institutional context. Practical implications This study provides practitioners with relevant insights into the identification of the sustainability strategy followed by an EMN and the effects associated with it can be useful for social and economic agents in decision-making processes. Social implications A persistent assessment could be a signal over time of the evolution of organizations, reinforcing the monitoring mechanisms. It is a stimulus to EMNs as they obtain both an indicator of their levels of performance and public recognition. Originality/value The lack of similarity in the levels of sustainable performance observed among companies can be explained by the persistence, which is an omitted variable in previous studies.

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“…The importance of this article and its contribution is made apparent to an even greater extent in light of the emergent "sustainable corporate governance" international discourse (Thakhathi, 2017). The term "sustainable corporate governance" was only recently canonised in an issue published by the British Academy of Management (Goergen and Tonks, 2019). Nevertheless, scholars have been engaged in the enterprise of re-orienting the purpose of the corporation for some time, starting in the late 1990s when the notion of "stakeholder capitalism" burgeoned within the managerial school of thought (Freeman and Liedtka, 1997).…”

Section: Sustainable Global Governancementioning

confidence: 99%

What’s in a King? Unveiling the pragmatic micro-perceived value attributes of a fulfilling corporate governance code for responsible sustainable development

Thakhathi

Jongh

Langeni

2021

JGR

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Purpose A recent contribution entitled Global Responsibility and the King Reports was made to the literature that represents a significant advancement in the understanding of how standards of good governance are practised. The corpus revealed key insights about macro-institutional governance regimes, yet, extraordinarily little about meso-organisational and even less so, micro-individual corporate governance practice. This study aims to shed light on the micro-individual level of corporate governance practice which has remained obscured by drawing pragmatic insights from the landmark South African King Code experience that may be applied to other governance jurisdictions for global organisational responsibility. Design/methodology/approach To unearth micro-individual corporate governance code practices, a phenomenological exploration of corporate governance practitioners’ (CGPs) perceptions was conducted. Qualitative semi-structured interviews with senior board members of securities-exchange listed companies were conducted with 10 directors of leading multinational South African corporations listed on Africa’s largest formal financial market; the Johannesburg Stock Exchange. Recursive analysis of the qualitative data revealed key attributes that render a corporate governance code “fulfilling” as a consequence of being perceived as subjectively valuable by practitioners who are the ultimate end-users of the King Codes for advancing good corporate governance practice in each of their respective companies. Findings Two categories of fulfilling micro-perceived value attributes (MPVAs) of corporate governance codes emerged, namely, internal and external MPVAs. The three internal MPVAs are, namely, (I1) Meaningful innovation, (I2) Ethical pragmatism and (I3) Cultural transformation. The three external MPVAs are, namely, (E1) Governance legitimacy, (E2) Societal licencing and (E3) Risk mitigation. From these six attributes, two testable corporate governance code development propositions are advanced, namely, (P1) a corporate governance code with a higher constitution of MPVAs will fulfil CGPs more than one with less. (P2) A more fulfilling corporate governance code will enjoy higher adoption, application and/or compliance rates. Originality/value Illumining the subjective experiential perceptions that constitute the fulfilment of a corporate governance code deepens the pragmatic understanding of the “demand-side” or consumption of such codes in practice. Knowing these fulfilling MPVAs may also result in the development of codes that enjoy wider adoption and compliance rates thereby enhancing global corporate responsibility pragmatism through enhanced good governance. This study sheds light on the nexus where normative corporate governance principles and the enactment thereof meet at the coalface of organisational activity with an emphasis on those attributes that render them valuable to practitioners.

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Introduction to Special Issue on Sustainable Corporate Governance

Cited by 11 publications

References 30 publications

Narrative Reporting: State of the Art and Future Challenges

Narrative Reporting: State of the Art and Future Challenges

The mediating effect of sustainability strategy between sustainability committees and business performance: can persistent assessment condition this effect?

What’s in a King? Unveiling the pragmatic micro-perceived value attributes of a fulfilling corporate governance code for responsible sustainable development

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