The challenge of sustainability : corporate governance in a changing world

The Challenge of Sustainability: Corporate Governance in a Complicated World reviews the evolution of five types of corporate governance and their different sustainability objectives. It discusses the challenges for boards in achieving sustainability from an environmental, economic, employment and social perspective and introduces the concept of a political tragedy of the commons if boards do what is in the best interests of their profitability only, without considering their responsibilities and unintended consequences for their stakeholders. This book explores ways of helping prevent negative outcomes. The author asserts the director's need to reconcile volatility with vision, uncertainty with understanding, complexity with courage and commitment and ambiguity with adaptability.