Introduction Looking at the original thought of Corporate Governance (CG), Berle and Means, (1932) explain that the discussion was originally surrounded over the agency theory. Back in time, CG used to revolve around resolving issues that arise related to the disconnects of interests and goals between the agents and principles. Over the years, corporate governance has been defined in many ways and perspectives. As an example, Shleifer and Vishny (1997) described CG as a relationship between the organizations and its shareholders, while scholars such as Caramolis-Cötelli, (1995); Keasy, and Wright, (1997); Roe, (2005) and Pintea, (2015) explain CG as a relationship including both internal and external shareholders. Among the most recent definitions give on Corporate Governance, Ahmed, and Mohammad, (2005); Krechovská, and Procházcová, (2014) and Tophoff, (2007) have given a broader explanation on CG focusing on the positive effects on environmental, social and economic development.
Corporate Governance and Sustainability