Corporations, nowadays, started drifting away from the goal of shareholder
wealth maximization and turn its aim to sustainable development. Corporate
sustainability does not eradicate the objective of earning profit but instead, it integrates the growth of economic, social, and environmental aspects with its progression. Corporate governance plays an enormous role as most businesses need to slowly transition to this aim. Corporate governance sets the target for the firm and the strategic means on how to achieve it as well as the duties and responsibilities from lower-level employees to the top management.
Engaging into corporate sustainability will motivate the company’s employees,
attract possible investors, and provide a competitive edge. Sustainable development serves as the guiding trail of companies towards its long journey of triumph. Today, the call of money-driven success for corporations is getting softer and these businesses move into the trend of sustainable development. Corporate governance, which is the way the companies are being directed and managed, ensures that enterprises will grow economically while continuously helping the economy, environment, and society develop with them.