Purpose in Corporate Governance: The Path towards a More Sustainable World

Joan Enric Ricart and Carlos Rey
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Joan Enric Ricart: Strategic Management, IESE Business School, Avenida Pearson, 21, 08034 Barcelona, Spain
Carlos Rey: Strategic Management, Universitat Internacional de Catalunya, c/Inmaculada, 22, 08017 Barcelona, Spain

Sustainability, 2022, vol. 14, issue 8, 1-11

Abstract: In order to give a more realistic view of how ESG and sustainability are developed in organisations, this paper explores the development of purpose in corporate governance and the challenges faced. The theme is analysed at the intersection between stakeholder theory and business models in two dimensions: the capability of the market to align stakeholders’ interests (invisible hand) and the trade-offs between purpose and profit. The analysis conducted gave rise to four scenarios with a range of theoretical and practical implications focused on corporate governance.

Keywords: purpose; sustainability; corporate governance; strategy; business models (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:8:p:4384-:d:788533

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