Corporate Governance and Sustainability

Definitions: The ability of a corporate governance approach, based on a wide vision of responsibility, on a modern interpretation of the links between the long-lasting company success and the equal composition of all stakeholders’ interests, to facilitate the convergence in corporate governance systems; the changes that sustainability causes in the framework of rules and practices by which a board of directors ensures accountability, fairness, and transparency in relationship with all stakeholders, increasing the potential for value creation in the long run; and the trend to smooth out the differences in behavior that have long characterized outsider and insider corporate governance system due to the similar strategic approaches carried out by sustainable companies.