TRANSFORMING CORPORATE GOVERNANCE TO MEET THE CHALLENGES OF MODERN BUSINESS MODELS

F. Djalilov

GREEN ECONOMY AND DEVELOPMENT, 2026, vol. 4, issue 6

Abstract: The role of corporate governance in enabling energy companies to overcome crisis conditions,particularly during the COVID-19 pandemic, while simultaneously pursuing new strategic opportunities throughenvironmental, social, and governance (ESG) initiatives is examined. Using a multiple-case study approach,the activities of large energy corporations and startup firms are analyzed to assess how boards of directorspromote innovation, manage stakeholder networks, and facilitate organizational transformation during periodsof disruption. The findings indicate that ESG-related initiatives faced substantial challenges throughout thepandemic, leading boards to assume a more active role in supporting innovation and restructuring organizationalprocesses. In addition, the study refines the Business Model Dynamics framework by clarifying the distinctionsamong Business Model Innovation, Business Model Adaptation, and Business Model Evolution. The resultshighlight the importance of aligning business model changes with organizational strategic objectives. Theproposed framework contributes to a deeper understanding of the relationship between corporate governanceand business model transformation and offers practical guidance for strengthening innovation, sustainability,and long-term organizational resilience in rapidly changing environments

Keywords: corporate governance; ESG projects; business model dynamics; innovation; organizational change; strategic management; COVID-19. (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

Downloads: (external link)
https://yashil-iqtisodiyot-taraqqiyot.uz/journal/i ... D/article/view/11358 Abstract page (text/html)
https://yashil-iqtisodiyot-taraqqiyot.uz/journal/i ... /download/11358/9500 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:teu:ged000:v:4:y:2026:i:6:id:11358

DOI: 10.5281/zenodo.20847095

Access Statistics for this article

More articles in GREEN ECONOMY AND DEVELOPMENT from "Ma'rifat-Print-Media" LLC, Tashkent State University of Economics
Bibliographic data for series maintained by Xayrulla ().