How to embed the concept of sustainability is one of the key questions boards of directors and top management teams discuss in times of societal change and environmental challenges. These reflections are driven not only by self-reflection but also by capital market pressures and the consensus of public opinion. Unlike other issues on the corporate agenda, sustainability calls for a distinct approach to governance and raises questions about the foundation of corporate governance: the corporate purpose.
This book presents various perspectives on corporate governance of sustainability and sustainable corporate governance, bringing together viewpoints from 16 practitioners and academics. It offers practical insights, introduces new perspectives, and invites readers to reflect on their own approaches to integrating sustainability into corporate governance.
Jadual kandungan
Introduction 5
From Corporate Governance of Sustainability to Sustainable Corporate Governance
Michael Hilb 9
Section A: Conceptualizations 17
Climate Governance: Recoupling the Sustainability and Value Perspectives
Boris Galonske 19
Assessing the Sustainability of the Business Model: Firm Governance Using the Sustainable Value Creation Framework and its Measurements
Tomas Casas-Klett and Martin Nerlinger 33
The Multipurpose Corporation as a Driver for Sustainable Value Creation
Michael Hilb 54
Section B: Interpretations 63
Trust as a Key Aspect of Sustainable Corporate Governance Elena Szederejei and Roderik J. P. Strobl 65
Cooperation and Inward Social Sustainability
Stefan F. Meier 72
Defining Corporate Digital Responsibility
Monique J. Morrow 85
Section C: Applications 91
Sustainability as Value Driver: The Corporate Governance Perspective
Reto Schnarwiler 93
The Relevance of Shareholder and Stakeholder Engagement for the Board of Directors
Barbara Dubach and Laura Brechlin with Mirjam Staub-Bisang 102
A Practitioner’s View: Three Tales of Ambiguity in Governing Sustainability
Peter Brändle 111
Section D: Implications 121
Shaping The Future Boardroom: 10 Steps Toward Good Climate, Biodiversity and ESG Governance
Helle Bank Jorgensen 123
The Positive Impact Board – The Future-relevant Business Focus
Katrin Muff 135
The Strategic Responsibility of the Board of Directors for Comprehensive Sustainable Corporate Governance
Antonio Hautle 143
Mengenai Pengarang
Prof. Dr. Michael Hilb is founder of DBP Group, chairs the Board Foundation, and serves on several boards of directors and trustees. He is a titular professor at the University of Fribourg and teaches strategy, entrepreneurship, and corporate governance at universities in Asia and Europe. Michael Hilb graduated from the University of St. Gallen with an MSc and a Ph D and was a Visiting Fellow at Harvard University and INSEAD.