Sustainability in the boardroom: An empirical examination of Dow Jones sustainability world index leaders

Joan E. Ricart (ricart@iese.edu), Miguel A. Rodriguez (rodriguezma@iese.edu) and Pablo Sanchez
Additional contact information
Joan E. Ricart: IESE Business School, Postal: Research Division, Av Pearson 21, 08034 Barcelona, SPAIN
Miguel A. Rodriguez: IESE Business School, Postal: Research Division, Av Pearson 21, 08034 Barcelona, SPAIN
Pablo Sanchez: IESE Business School, Postal: Research Division, Av Pearson 21, 08034 Barcelona, SPAIN

No D/577, IESE Research Papers from IESE Business School

Abstract: In recent years, there has been a virtual explosion of interest in corporate governance. Corporate scandals and the need to protect minority shareholders' interests, for example, are some of the reasons behind the development of corporate governance codes in numerous countries and corporations. At the same time, the concepts of "sustainable development", "corporate responsibility", and "corporate citizenship" have taken root in the business world. Although an extensive body of research treats the fields of corporate governance and sustainable development separately, less attention has been paid to the interaction between both fields. This paper attempts to bridge this gap by examining how corporate governance systems are evolving in order to integrate sustainable development thinking into them. We do so by analyzing the governance systems of the 18 corporations that are leading the market sectors considered by the Dow Jones Sustainability World Index (DJSWI). We present the results of our in depth analysis of the 18 cases and propose the Sustainable Corporate Governance Model that emerges from that analysis.

Keywords: Corporate governance; sustainable corporate governance; sustainable enterprise; sustainable development; business in society (search for similar items in EconPapers)
Pages: 35 pages
Date: 2004-11-17
New Economics Papers: this item is included in nep-acc and nep-cfn
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Citations: View citations in EconPapers (2)

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