Universitat Internacional de Catalunya
2022-04-07
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.
Article
Published version
English
Purpose; Sustainability; Corporate governance; Strategy; Business models; Propòsit; Sostenibilitat; Governança corporativa; Estratègia; Models de negoci; Propósito; Sostenibilidad; Gobierno corporativo; Estrategia; Modelos de negocio
11
MDPI
14; 8
This work was supported by Spanish Ministry of Science and Innovation and the European Social Fund PRE2019-091668, Agencia Estatal de Investigacion (AEI) of the Ministry of Economy and Competitiveness—ECO2016-79894-R (MINECO/FEDER), Ministry of Science and Innovation PID2019-104679RB-I00, the Carl Schroeder Chair in Strategic Management and the IESE’s High Impact Projects initiative (2017/2018).
Ricart, Joan Enric y Rey, Carlos. Purpose in Corporate Governance: The Path towards a More Sustainable World. Sustainability, 2022, 14, 4384. Disponible en <https://www.mdpi.com/1577066>. Fecha de acceso: 02 mar. 3036. DOI: 10.3390/su14084384
© 2022 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https:// creativecommons.org/licenses/by/ 4.0/).
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