Board of Directors Attributes and Sustainability Performance in the Energy Industry

• 발행기관: 한국유통과학회
• 저자명: Syeda Saba Nazir GARDAZI Ahmad Fahmi Sheikh HASSAN Jalila Binti JOHARI
• 간행물 정보: 『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 7 No.12, 317~328쪽, 전체 12쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2020.12.30

영문 초록

The board of directors play an important role in corporate climate strategy-making and decisions but might also compromise environmental policies to minimize agency cost. This study critically investigates the relationship between the attributes of the board of directors and the degree of sustainability performance for the energy sector as discussed in the literature. Our study cumulates existing knowledge offering important characteristics for a balanced board structure to increase the board’s effectiveness in adopting sustainable initiatives that could reduce the adverse impact of an energy corporation’s operation on the environment. Crucial attributes of the board of directors deemed to be positively associated with the commitment to reduce carbon footprint in the environment have been identified. Based on our extensive analysis of the literature we propose a conceptual framework that measures the influence of the board of directors’ attributes on corporate environmental and social sustainability performance. The proposed framework will be useful as an initial step for top management and regulators to gain a better understanding of the balanced board structure required to achieve the social and environmental sustainability performance of corporations. Further, this paper contributes to a body of knowledge about how the board of directors could play a crucial role in monitoring social and environmental threats.

목차

1. Introduction

2. Literature Review

3. The Board of Directors’ Governance Attributes

4. Conclusion

References

키워드

Environmental Sustainability Performance Social Sustainability Performance Energy Corporation Corporate Governance Board of Directors