 Exploring the Perspectives of Corporate Governance and Theories on Sustainability Risk Management (SRM)Nazliatul Aniza Abdul Aziz, Norlida Abdul Manab and Siti Norezam Othman Asian Economic and Financial Review, 2015, vol. 5, issue 10, 1148-1158 Abstract: The motivation of this paper stems from the importance of observing good corporate governance by means of SRM approach to create sustainable value for corporate survival. This study explores the perspectives of corporate governance and underlying theories related to sustainability risk management (SRM). There is a growing concern that good corporate governance has an impact on SRM program. Good corporate governance influences companies to adopt sustainable business practices through a more holistic risk management approach in addressing both financial and non-financial risks. Modern portfolio, stakeholder and legitimacy theories are the accepted paradigm in fostering a good corporate governance through the adoption of sustainable risk management in addressing sustainability risk. This paper adds to the literature by highlighting the importance of corporate governance through adoption of sustainable risk management practices in maximizing economic, environmental and social performance. Keywords: Sustainability risk management; Corporate governance; Corporate survival; Modern portfolio theory; Stakeholder theory; Legitimacy theory. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:asi:aeafrj:v:5:y:2015:i:10:p:1148-1158:id:1430 Access Statistics for this article More articles in Asian Economic and Financial Review from Asian Economic and Social Society |
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