Toward an updated corporate governance framework: Fundamentals, disruptions, and future research

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 geopoli...

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Authors: Aguilera, Ruth, Ruiz-Castillo, Maria
Format: article
Publication Date:2025
Country:España
Institution:Universitat Ramon Llull (URL)
Repository:DAU Arxiu Digital de la Universitat Ramon Llull
OAI Identifier:oai:dau.url.edu:20.500.14342/5896
Online Access:http://hdl.handle.net/20.500.14342/5896
https://doi.org/10.1177/23409444251320399
Access Level:Open access
Keyword:Corporate governance
Stakeholders
Governance mechanisms
Board of directors
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repository_id_str
spelling Toward an updated corporate governance framework: Fundamentals, disruptions, and future researchAguilera, RuthRuiz-Castillo, MariaCorporate governanceStakeholdersGovernance mechanismsBoard of directorsThis 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.info:eu-repo/semantics/publishedVersionSAGE PublicationsUniversitat Ramon Llull. Esade202620262025info:eu-repo/semantics/article13 p.application/pdfhttp://hdl.handle.net/20.500.14342/5896https://doi.org/10.1177/23409444251320399reponame:DAU Arxiu Digital de la Universitat Ramon Llullinstname:Universitat Ramon Llull (URL)InglésBRQ Business Research Quarterly, Vol. 28(2)© L'autor/aAttribution-NonCommercial 4.0 Internationalhttp://creativecommons.org/licenses/by-nc/4.0/info:eu-repo/semantics/openAccessoai:dau.url.edu:20.500.14342/58962026-06-21T06:40:37Z
dc.title.none.fl_str_mv Toward an updated corporate governance framework: Fundamentals, disruptions, and future research
title Toward an updated corporate governance framework: Fundamentals, disruptions, and future research
spellingShingle Toward an updated corporate governance framework: Fundamentals, disruptions, and future research
Aguilera, Ruth
Corporate governance
Stakeholders
Governance mechanisms
Board of directors
title_short Toward an updated corporate governance framework: Fundamentals, disruptions, and future research
title_full Toward an updated corporate governance framework: Fundamentals, disruptions, and future research
title_fullStr Toward an updated corporate governance framework: Fundamentals, disruptions, and future research
title_full_unstemmed Toward an updated corporate governance framework: Fundamentals, disruptions, and future research
title_sort Toward an updated corporate governance framework: Fundamentals, disruptions, and future research
dc.creator.none.fl_str_mv Aguilera, Ruth
Ruiz-Castillo, Maria
author Aguilera, Ruth
author_facet Aguilera, Ruth
Ruiz-Castillo, Maria
author_role author
author2 Ruiz-Castillo, Maria
author2_role author
dc.contributor.none.fl_str_mv Universitat Ramon Llull. Esade
dc.subject.none.fl_str_mv Corporate governance
Stakeholders
Governance mechanisms
Board of directors
topic Corporate governance
Stakeholders
Governance mechanisms
Board of directors
description 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.
publishDate 2025
dc.date.none.fl_str_mv 2025
2026
2026
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/20.500.14342/5896
https://doi.org/10.1177/23409444251320399
url http://hdl.handle.net/20.500.14342/5896
https://doi.org/10.1177/23409444251320399
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv BRQ Business Research Quarterly, Vol. 28(2)
dc.rights.none.fl_str_mv © L'autor/a
Attribution-NonCommercial 4.0 International
http://creativecommons.org/licenses/by-nc/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv © L'autor/a
Attribution-NonCommercial 4.0 International
http://creativecommons.org/licenses/by-nc/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 13 p.
application/pdf
dc.publisher.none.fl_str_mv SAGE Publications
publisher.none.fl_str_mv SAGE Publications
dc.source.none.fl_str_mv reponame:DAU Arxiu Digital de la Universitat Ramon Llull
instname:Universitat Ramon Llull (URL)
instname_str Universitat Ramon Llull (URL)
reponame_str DAU Arxiu Digital de la Universitat Ramon Llull
collection DAU Arxiu Digital de la Universitat Ramon Llull
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,811543

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