Law, Regulation, and the Evolution of Corporate Governance: Driving Sustainability
description: This chapter examines how corporate governance is changing to promote sustainable development as a result of legal and regulatory advancements. Governance frameworks that were before almost entirely centered on shareholder earnings are increasingly being redesigned to incorporate social and environmental responsibility. The chapter emphasizes the increasing focus on transparency, Environmental, Social and Governance (ESG) integration, and stakeholder inclusion by examining changing regulations, international frameworks, and market-based efforts. It also looks at new developments like climate-related disclosures, board-level sustainability oversight, and legal reactions to greenwashing. Global ESG standards should be harmonized, and corporate legal frameworks should incorporate sustainability, according to the findings. The chapter makes the case for a move toward long-term, purpose-driven business structures by establishing sustainability as the primary pillar of governance. This change is a reflection of a wider realization that effective governance is critical to both corporate success and the welfare of the world. 2026 by IGI Global Scientific Publishing.
creator: Pandey, Ananya
source: Legal Frameworks for Sustainable Global Business;pp.345-366
publisher: IGI Global
date: 01-01-2025
rights: Restricted Access; Hardcopy may be available in the library
relation: ISBN: 979-833734194-1; 979-833734192-7;
language: English
type: Book chapter
coverage: Pandey A., Christ University, Bangalore, India