Sustainable Development and Global Responsibility in Corporate Governance

• Main Authors: Daniela M. Salvioni, Riccardo Astori
• Format: Article
• Language: English
• Published: Niccolò Cusano University-Rome 2014-04-01
• Series: Symphonya
• Subjects: global responsibility; sustainable development; company governance; risk management; internal control; key factors of success
• Online Access: https://symphonya.unicusano.it/article/view/9406

The sustainable development and the company global responsibility have emerged recently as relevant factors both at a business level and with reference to the company in general. The global markets impose new and complex systems of corporate governance aimed at a generic retrieval of effectiveness if compared to the growing dynamism and to the gradual increase of complex relations between  company and environment. In this regard the sustainable development represents an important issue, whose implementation requires the adoption of a suitable orientation of the governance policy, the diffusion of ethics principles and values common to corporate network, the adoption of efficient systems of risks prevention and internal control.  This article aims at investigating the current interrelationship between corporate governance and global responsibility, as conditions for sustainable development. In particular, the article aims at highlighting - at theoretical and empirical level - the growing cross-relationship between effectiveness and economic and social-environmental efficiency, necessary conditions to minimize  risks and  to obtain success in the medium-long term.