Toward an updated corporate governance framework: Fundamentals, disruptions, and future research
Year: 2025
Type: article
Abstract: This essay explores the evolving landscape of corporate governance amid global disruptions and changing stakeholder demands. We argue that traditional governance models are unable to effectively address contemporary challenges such as technological advancements, sustainability pressures, and geopolitical conflicts. While corporate governance has traditionally prioritized financial metrics and majority shareholders, there is a growing shift toward incorporating broader societal and environmental considerations. As a result, we highlight the need for a new corporate governance framework that supports the evolving nature of organizations and their corporate governance practices. We argue that the future of corporate governance must integrate ethical leadership, transparency, and a commitment to sustainability to remain relevant in a rapidly changing global marketplace. We conclude by suggesting research areas that require deeper exploration to build robust corporate governance systems. JEL CLASSIFICATION : A10, A13, D21, F23, G34, L2, M14, P48, Q56
Source: BRQ Business Research Quarterly
Authors: Ruth V Aguilera, Maria Ruiz Castillo
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4407878355