Corporate Houses Research Articles

Investors’ perception towards investor protection measures taken by the government of India and SEBI: an ordinal approach

PurposeThis study aims to determine experimentally factors affecting the satisfaction of retail stock investors with various investor protection regulatory measures implemented by the Government of India and Securities and Exchange Board of India (SEBI). Also, an effort has been made to gauge the level of satisfaction of retail equities investors with the laws and guidelines developed by the Indian Government and SEBI for their invested funds.Design/methodology/approachTo accomplish the study’s goals, a well-structured questionnaire was created with the help of a literature review, and copies of it were filled by Punjabi retail equities investors with the aid of stockbrokers, i.e. intermediaries. Amritsar, Jalandhar, Ludhiana and Mohali-area intermediaries were chosen using a random selection procedure. Xerox copies of the questionnaire were given to the intermediaries, who were then asked to collect responses from their clients. Some intermediaries requested the researcher to sit in their offices to collect responses from their clients. Only 373 questionnaires out of 1,000 questionnaires that were provided had been received back. Only 328 copies were correctly filled by the equity investors. To conduct the analysis, 328 copies, which were fully completed, were used as data. The appropriate approaches, such as descriptives, factor analysis and ordinal regression analysis, were used to study the data.FindingsWith the aid of factor analysis, four factors have been identified that influence investors’ satisfaction with various investor protection regulatory measures implemented by government and SEBI regulations, including regulations addressing primary and secondary market dealings, rules for investor awareness and protection, rules to prevent company malpractices and laws for corporate governance and investor protection. The impact of these four components on investor satisfaction has been investigated using ordinal regression analysis. The pseudo-R-square statistics for the ordinal regression model demonstrated the model’s capacity for the explanation. The findings suggested that a significant amount of the overall satisfaction score about the various investor protection measures implemented by the government/SEBI has been explained by the regression model.Research limitations/implicationsA study could be conducted to analyse the perspective of various stakeholders towards the disclosures made and norms followed by corporate houses. The current study may be expanded to cover the entire nation because it is only at the state level currently. It might be conceivable to examine how investments made in the retail capital market affect investors in rural areas. The influence of reforms on the functioning of stock markets could potentially be examined through another study. It could be possible to undertake a study on female investors’ knowledge about retail investment trends. The effect of digital stock trading could be examined in India. The effect of technological innovations on capital markets can be studied.Practical implicationsThis research would be extremely useful to regulators in developing policies to protect retail equities investors. Investors are required to be safeguarded and protected to deal freely in the securities market, so they should be given more freedom in terms of investor protection measures. Stock exchanges should have the potential to bring about technological advancements in trading to protect investors from any kind of financial loss. Since the government has the power to create rules and regulations to strengthen investor protection. So, this research will be extremely useful to the government.Social implicationsThis work has societal ramifications. Because when adequate rules and regulations are in place to safeguard investors, they will be able to invest freely. Companies will use capital wisely and profitably. Companies should undertake tasks towards corporate social responsibility out of profits because corporate houses are part and parcel of society only.Originality/valueMany investors may lack the necessary expertise to make sound financial judgments. They might not be aware of the entire risk-reward profile of various investment options. However, they must know various investor protection measures taken by the Government of India & Securities and Exchange Board of India (SEBI) to safeguard their interests. Investors must be well-informed on the precautions to take while dealing with market intermediaries, as well as in the stock market.

Implementing Post-Pandemic Economic Parity: A Potential Restoration Through Distributive Justice

Abstract This paper explores the economic disparities created and augmented by the Pandemic and implores the state to adopt redistribution schemes based on the philosophy of distributive justice. The pandemic created and augmented gaping class inequalities, by pushing some into unemployment and poverty, while catalysing others’ prosperity. This may or may not have involved a fault element on the part of those that profited from the pandemic, which is to say, while some may have actively exploited the situation to increase their profits at the cost of general interests, others may have simply gained profits while retaining ethical practices in their conduct of business. This Paper argues that, irrespective of the fault element, States must implement a special financial scheme that necessitates companies that gained enormous profits from the pandemic to contribute towards assisting those who were financially crushed by the pandemic. The paper will build this on the philosophy of distributive justice, examining the ‘difference principle’ as well as ‘luck and responsibility egalitarianism’. Simply put, this means that States must enforce a system that neutralizes the ‘luck’ element that the pandemic induced in the society, through a financial scheme best suited for its situation. This may be achieved through levying a special tax for a period of time on particular business entities and/or by requiring companies to include a special corporate social responsibility project in line with the quantum of additional profits owing to the pandemic. Arguably, corporate houses that exploited the pandemic must not be placed at par with those that merely happened to profit from it (say, for instance, a pharmaceutical company that may have manipulated the drug market to increase prices and limit supply of an important drug, as opposed to a food/essentials delivery chain that naturally saw an increase in the number of consumers ordering deliveries online). But the obligation to carve out a part of their profits for social redistribution is not founded on whether they are at fault or not. Any fault may, of course, be used as a basis for levying a higher penalty or other legal measure, apart and distinct from the obligation that this paper builds on. The scheme that is proposed by the Paper is not to penalize but is based on the philosophy of distributive justice and thus does not require that the company was ever in violation of laws, but merely that the pandemic that devastated most people happened to be a profitable enterprise for others in contrast. It is in the State’s interests to negate the widened gap of economic disparities thus created, and this justifies that the Government would require such corporate houses to carve out a fraction of their fortunes for those who suffered severely. The Paper builds primarily on the philosophical foundations of distributive justice, urging its practical implementation in post-pandemic the economy. States must adopt creative measures to restructure patterns of privileges created or amplified by such unprecedented (at least in recent history) circumstances, as the pandemic.

Life Style Changes for Environment and Sustainable Development

In the changing world economy scenario and due to consumerism name became a major factor for industry to make a product and services as per customer choice. This consumerism impacted on a large scale in the competitive market due to increase in purchasing power people are demanding new product with special features and corporate houses are somehow compromising on sustainability of development resulting in fast and rapid exploitation of natural resources although government name imposed several restriction on consumer market like ban on plastic, ban on wildlife product, less use of germicide and pesticide in packet foods, waste disposal system at every industry, ban on excessive use of water resources, ban on old vehicle use of green energy, bio fuel, solar energy etc.

Women Empowerment Gaining Right Trajectory: A Perspective from MSME, Odisha, India

In traditional male-dominated society women generally enjoy secondary status in familial and social hierarchy. The widespread condition of gender disparity may be attributed to a lack of gainful employment and fixed wages with a regular source of livelihood. The majority of women are left out of the ambit of the decision-making process due to their inferior social and economic conditions. The status of women can be raised and gender equality can be achieved through MSME which empowers women with upward movement in economic, social and political hierarchy. MSME facilitates women entrepreneurs to utilise their entrepreneurial skills and talent and to play leadership roles to improve the conditions of women folk. The present study focuses on the role of leading women entrepreneurs of Puri district Odisha towards the objective of empowering women. The data gathered through questionnaires, surveys, person to person interaction during field visits/workshops/seminars/presentations form the basis for developing this article. During interaction all points raised, views expressed by respondents, and suggestions gathered were recorded to organize this article. It has been observed MSME sectors have largely contributed to improving women's status through employment, skill upgradation, innovations, and encouraging participative and collaborative decisions. However, simplifying and streamlining activities related to registration, products, production, financing, training, and marketing would enhance further value addition by MSME. The insights earned during the study about ground realities, problem areas, and steps towards a solution will help the researchers, NGOs, SHGs, field agencies, donors, bankers, government institutions, corporate houses, and planners to fine-tune their approach towards women empowerment.

An Empirical Analysis of Impact of XBRL on Quality of Financial Reporting in India

The efficient and effective communication of business and financial information to end-users helps to get clear insights on the business outlook and assists them in making timely decisions. Financial reporting acts as a vehicle to disseminate the financial information of the business to various interested parties by communicating operating and financial information through financial statements, notes to financial statements and other footnotes in the annual report. Nowadays stakeholders of the business are more expecting both financial and non-financial information to be communicated in a single annual report. Therefore, the corporate houses are required to communicate enhanced information in their annual reports to facilitate the stakeholders in their decision-making process. Communication of enhanced information in the annual report is only possible with the help of the EBR Model (Enhanced Business Reporting Model) which is only possible by the application of XBRL (Extensible Business Reporting Language) to the business reporting purpose. The present paper is intended to examine the impact of XBRL on the quality of financial reporting. For this purpose, the study analysed the financial reporting pattern of 23 select companies in India through the analysis of their annual reports from 2005 to 2020. To derive valid conclusions Tukey test, dummy variable regression analysis techniques were employed and concluded that XBRL has made a significant impact on the quality of financial reporting of select companies.

Why Not the Humanities: Reclaiming Its Significance in Interdisciplinary and Holistic Education

This paper analyzes why humanities is in crisis and proposes its interdisciplinary significance in holistic education. The analysis is based on a few relevant research reports about the prevalent conditions of universities and colleges and some reviews of a few important books by educationists and humanists regarding students, professors and funding in humanities. It uses the critical insights of humanist educationists, specifically envisioned by Plato, Rabindranath Tagore, Jiddu Krishna murti, John Dewey and Martha Nussbaum for their advocacy of holistic education. They conform to the power of human virtues that can change a brute animal into an empathetic human unlike a trained monkey and a mechanical mind. This paper argues that the education system remains dysfunctional if it fails to give humanizing education and produce critico-creative citizens. It raises a question why the humanities is in crisis despite its great undertaking of creating a complete human and examines what the principal causes are. Education is commodified, technologized and is concerned with producing skilled human resources. The focus is on the career prospect of education ensuring a promising future with the least regard to its humanitarian dimension. The corporate houses invest in and promote Science, Technology, Engineering and Management to cater to the choices and interests of parents and students who expect immediate returns. But the education system overlooks the crucial aspect that criticality, compassion and human values that humanities cultivates are more important skills of survival enabling the wise use of other skills than immediate returns. This study makes parents, students and other stakeholders of education aware of the importance of humanities in the overall development of students. It also helps mitigate the fragmentation and alienation caused by commodification of education

Corporate Social Responsibility and Corporate Brand Awareness: An Interface in the Kingdom of Saudi Arabia

Purpose: Corporate social responsibility (CSR) is defined as the continuing commitment by businesses to contribute to economic development while upholding ethical codes and improving the quality of life in the community and society at large. It broke down corporate social responsibility (CSR) into four parts: economic, legal, ethical, and charity. He did this so that CSR could become a real business practice. Design/Methodology/Approach: This study is undertaken on 548 sample customers residing in Saudi Arabia for investigating their viewpoints towards the CSR activities carried out by the companies for examining the relationship between Corporate Social Responsibility and Corporate Brand Awareness. The researchers adopted the Pearson’s Correlation, Simple Regression and Structural Equation Modeling techniques in order to measure the impact of CSR activities on Brand Awareness. Findings: The outcomes of the study revealed that there is a positive perception of customers towards CSR activities carried out by the companies and the results of structural equation modelling portray that Corporate Social Responsibility and Corporate Brand Awareness are positively associated. Thus, we can conclude that CSR activities conducted by the companies are the commendable initiatives since in this today’s era of sustainable environment customers are not only worried about the price and quality aspect of the products/services even they are more possessive regarding what the corporate houses are taking the necessary steps for the betterment of the society and the nation at large. Research, Practical & Social implications: The outcome of the study will throw new light on the impact of Corporate Social Responsibility on Corporate Brand Awareness and also facilitate future research endeavors on CSR. As a matter of fact, the CSR activities implemented by the companies offer a better brand recognition, resulting in greater brand awareness among customers and the society at large.

Examining Career-Orientation Determinants of Managerial Roles in Nepal

This study examines the factors influencing career orientations among Nepalese professionals and students. The objective is to explore the correlations between proactive personality, ambition, career self-management, mentorship relationships, commitment, and career orientations. The research uses a sample of 275 participants involved in managerial roles in different corporate houses. The study adopted descriptive and causal-comparative approaches. The major findings reveal significant positive correlations between these factors and career orientations. Regression analysis underscores the substantial predictive role of ambition (β = 0.302), career self-management (β = 0.302), and commitment (β = 0.370), indicating their significant impacts on career orientations. These insights contribute to a deeper understanding of the interplay of individual attributes and external factors in shaping career trajectories. Future research could expand geographically and adopt longitudinal perspectives to enrich these findings and recommendations for enhancing career development practices.

A Study on “Attention Harvesting” Strategies used by Mass Media and its Implications

Due to innovation in Mass Media content and invention of New Media technologies such as Smartphone and Internet, the society and in fact the whole world has become “mediatized” i.e. societal institutions are getting more and more dependent on the media. But when it comes to media and corporate houses, both are interdependent on each other. Media in order to survive and thrive uses various revenue models. This includes collecting fee in form of subscription. But this is not enough; they also sell attention of audience that they capture to third parties (mainly advertisers) who use it for pushing their product, influencing behavior etc. In the long run it has led to lots of major problems, few of them being- invasion of privacy, predatory advertising, polarization of votes during election, manipulating behavior of people by exploiting their weakness etc. It seems that this “interdependent” relationship is turning into more of a nexus. Thus a study was conducted to explore advertising and content strategies adopted by media platforms and how it is affecting the whole society and people’s behavior in particular.

An Evaluation of Currency Deprecation and its Impact on the Economy: A Conceptual Study

For any country, value of its currency is considered as one of the major indicators of its economy. In the current global economic scenario where presence of several events plays vital roles in changing the value of any nation’s currency, many governments, corporate houses are concerned about the volatility of the value of their currency. The Currency depreciates when the worth of a country’s currency drops significantly compared to other currency. There are various impact of currency depreciation ranging from micro level such as inflation, Low performance of Industry/Sector, to macro level such as negative growth rate of GDP, economic instability, Even impacting Global economy by disrupting interrupting international trade. The approach involves gathering insights from previously published research papers and articles as well as from watching recorded interviews from professionals in the field of the topic. Also, data from the government websites are being used to get comprehensive answer. As all the data have been taken from secondary sources so there is no requirement for conducting survey. The main agenda of this research paper is to study different factors that causes the volatility of the currency and analyze the impact of the currency depreciation on the economy and different variables that contribute in currency losing its value. The paper provides brief insight on depreciation of currency and its causes. The research also explains different factors (monetary and non-monetary) such as inflation, interest rates, government policies and how those variables affect the value of the currency. Also, with the causes this paper sheds light on the consequences (monetary and non-monetary) such as rise in cost of imported good, Negative balance of trade, Impact in balance of payment, reduced foreign investment, reduced tourism and how various sector of economy acts simultaneously with decrease in value of the currency. Also, with changing landscape of the economy, the policymakers and investors must be alert and be prompt with their decision making in order to make their companies and country stay afloat. The paper helps various investors and policymakers with insights and recommendation on how policy makers and investors should manage the risk and opportunities that comes with the depreciating currency

Look (Act) East Policy and Northeast India: Reimagining the Space Through Institutional, Physical and Social Connectivity

The underdevelopment of Northeast India is quite often explained in terms of economic isolation primarily on account of its geographical peripherality. To address this challenge, a new imagination, through the Look (Act) East Policy has been proposed. This approach, makes India’s Northeast the centre of a unified economic, physical and social space through its integration with the trans-border neighbouring regions. In this article, an attempt has been made to examine the logic of developing an ‘extended Northeast’ and how it has been sought to be realized. The article argues that the actualization of this proposed integrated space is ridden with serious difficulties and the internal fragmentation of Northeast India and the exceptional rules and administrative arrangement that are in place in the region along with the geopolitical compulsion of India may act as significant barriers in this regard. And most importantly there are apprehensions that the proposed integrated space may lead to the appropriation of resources of the Northeast by the corporate houses without benefiting the people of the region.

INTRINSIC VALUE OF SHARE - AS A DECISION MAKER TO BUY OR SELL THE SHARES (WITH SPECIAL REFERENCE TO SELECT INDIAN IT COMPANIES SHARES)

The objective of the study is identify the recent major changes in employees expectations with reference to Quality of Work Life (QWL ). The research methodology adopted is Secondary method of data collection , as all the major reviews of HR Leaders and Major magazines are reviewed . The research would aim at identifying the major reasons along with the changes in employees expectation ,as a recent of change in mind set of employees of Post and continuing covid Impact . It concludes with the suggestions that the corporate houses need to understand and adapt with ,so as to ensure employees retention and getting the work done for attaining organizational goals . KEYWORDS :- Quality of Work Life ,Employee Expectations , HR Practices.

Agency cost: Ownership structure and board composition — An empirical analysis

This study evaluates the ownership structure and board composition as an effective corporate governance mechanism to control agency costs. It uses pooled ordinary least squares (OLS) regression methodology on the annual panel data from 2010–2011 to 2021–2022 for 985 non-financial companies listed on the National Stock Exchange (NSE) of India, collected from the ProwessIQ database. Globally, agency costs have been measured mainly by two proxies: asset turnover ratio (ATR) and operating cost ratio (OPEX) whereas, this study has used two additional proxies: return on total assets (ROA) and interest coverage ratio (ICR). The study also takes into account the impact of all types of ownership holdings namely, promoters’, government, domestic and foreign institutional investors on the agency cost. It is observed that agency costs are significantly lower with both foreign and domestic institutional investor ownerships and it is inversely related to the number of independent directors, as well as the size of the board. The findings of this study, on the one hand, will be beneficial for the corporate houses in resolving the problem of principal-agent conflicts whereas, on the other side, it will help the policymakers in deciding the policies with respect to the composition of the board members and ownership structure.

The Age of Toxicity: A Theoretical Model

Ulrich Beck theorized the contemporary world as the ‘age of risk’. Taking the cue from Beck, this paper focuses on the ecological aspect of this risk society which looms large over the life and wellbeing of the entire planet – the intrusion of toxics in our everyday lives – thereby also making it the ‘age of toxicity’. Toxics have permeated the entire ecosystem – from land to water to atmosphere – making it difficult for any life form to escape their impact. The paper attempts to explain the main features of this age of toxicity in an effort to find solutions to this problem. It might be noted that the problem of toxicity is not evenly distributed across the countries and the Global South bears the brunt of the problem. Further, toxicity has a disproportionate impact on the economically weaker and marginalized sections within the developing countries as they are forced by economic circumstances to live in areas which are environmentally degraded and polluted. The paper proposes that toxicity is engendered within a global system structured by three factors– international power conflicts, activities of corporate houses and the consumerist culture – which together create a vicious circle of toxicity. The paper therefore proposes that the concerned civil society groups could advocate policies aimed at weakening this vicious circle of toxicity and campaign for small steps in the direction of larger changes.

Tax Evasion, Low Tax Revenue and Non-Compliance in Pakistan: A Focused Group Discussion

The increasing culture of tax evasion and non-compliance leads to revenue losses for governments and impacts both the government and the citizens of a country. This paper uses a focused group discussion method to explore the issues pertinent to the prevailing tax system in Pakistan, such as non-compliance, increasing evasion, and low tax revenue. It is found that education, development of good social values, justice by state institutions, and improvement in the role of media are necessary for nurturing a tax-compliant society. The other causes of a low tax-to-GDP ratio include the cash economy, the underground economy, and the influence of interest groups (lobbyists, feudal, corporate houses, and politicians) on policymaking. This study suggests taxing the high-income class more and redistributing among the poor to attain parity. It is also suggested that efforts be made to introduce the value-added taxation system into the economy and that the federal board of revenue focuses on segmenting the economy/industries to increase revenue collection. Apart from that, they should also reinvest a reasonable percentage of collected tax revenue in the upgradation of tax machinery. However, this study does face some limitations. The major limitation is that despite invitations and our best efforts, the panel of experts did not have representation from women, media, the business community, and participants living outside the city of Islamabad.

Do The Companies Owe Corporate Social Responsibility towards Institutions of Higher Education?

With an emphasis on distribution of wealth among the stakeholders and considering environmental sustainability, the companies are required to manage business processes in such a way to provide a positive impact on the society. These companies through their business earn a major profit by operating in the society and various stakeholders are involved and affected from their process directly or indirectly, therefore the companies are expected to spend a part of their profit for the benefits of their stakeholders. Corporate Social Responsibility (CSR) is a concept where big companies consciously combine their economic profit with social well-being and environmental sustainability. India has made legislation in the form of section 135 of Companies Act, 2013 for this purpose. According to this Act, education, gender equality, persons with disability (PwD) and environmental sustainability are some of the areas where the companies can use Corporate Social Responsibility funds through their policies.
 In response to the law, a large number of companies are performing well and undertaking a large number of projects in areas mentioned under the Schedule VII of the Companies Act, 2013. But the data shows a lot still needs to be done as these large numbers of Companies are spending on education at school level and skill development but higher educational institutions (HEIs) are far away from reaping the benefits of CSR funds. Companies and corporate houses do not consider much about the infrastructural development in HEIs for environmental sustainability, and projects leading to women development.
 Government is over burdened in looking and sponsoring even the small projects. CSR funding can share this responsibility thereby accelerating the process of development in the institutions.

Corporate Social Responsibility: A Legislative Gateway

India a country of as much diversity as is a hotspot for numerous contradictions. On the one hand, after much hardship, the country has emerged as one of the surging economies and a very important player in the new global order. In contrast, on the other hand, it is still combating issues related to impoverishment, starvation, and rights of undernourished children, societal welfare, and the like. The Indian economy sometimes rides a wave of boon and sometimes that of bane, which is because of an uneven, unseemly distribution of wealth throughout, which only increases social unrest; this uneven development and growth spread across the nation has targeted companies and corporate organizations for their contributions to the society. The scrutiny has only been increasing with the rising awareness of the gaps between the haves and the have-nots, which has further led to an outpouring in society’s expectations from the corporate giants. To this, the government has responded proactively, taking most of the corporate houses in its stride to provide for the society without commercial success and hence developing the nation getting in the way. The concept of Corporate Social Responsibility (CSR), a practice where companies realize profits and fulfill philanthropic, societal expectations, has taken ground since times immemorial only to become mandatory later. In the background of such a premise, CSR has time and again presented itself as a wonderful opportunity, the need of every hour and also as a serious challenge to be overcome, with its implications on almost every sector. Ever since it became a legal mandate in the year 2014, India has been a thriving “hotbed for innovative CSR scenarios,” in the words of D S Rawa, Former Secretary-General of ASSOCHAM. This paper seeks to trace the advent and growth of Corporate Social Responsibility in India through the eyes of the law, having undergone multiple legislative changes ever since the inception of the Companies Act, 2013. The paper also analyses the legislative amendments that are already afoot and awaiting enforcement. The researcher has tried to suggest the best possible ideological way forward in light of these multifarious changes, illuminating CSR’s import and primacy as a practice in the wake of the same.

Machine Intelligence for Language Translation from Kashmiri to English

Machine translation (MT) is an emerging research as well as application area in the contemporary world. It is receiving significant attention from academia, industry and corporate houses. A wide range of translation techniques are being applied either individually or in combination for machine translation of different languages across the globe. However, there are still many languages that are either completely missing or poorly visible on the machine translation map. The Kashmiri language is one such language where very little or negligible work has been done related to its machine translation. This paper aims to present a Kashmiri-to-English Machine Translation System and highlight various features of the Kashmiri language. The system is based on machine intelligence having the ability to learn various translation rules from the translated set of input sentences, using Long Short-term Memory (LSTM) architecture for deep sequence learning. The paper also discusses various challenges related to machine translation from Kashmiri to English or other languages. The work presented in this paper is the first of its nature and can serve as a bedrock for research community interested to work on machine translation of Kashmiri language.

Implications of CSR activities during pandemic & its impact on Healthcare Industry

Since the evolution of civilization, healthcare has been a prime concern so far. During pandemic it has been observed that there is a huge scarcity of required resources in relation to infected population. Government machinery either stuck or failed due to huge gaps in demand and supply. In the meantime, corporate houses intervene and open their houses to make available the required medical equipment, medicines, and oxygen cylinders. Either they supported the government and common people directly or followed the path through corporate social responsibilities. Various corporate houses offer their resources individually or in a group. This study is an exploration of resources provided by corporate houses in the form of Corporate Social Responsibilities and evaluation of all those resources and its impact on healthcare industries. A t-test analysis has been used to compare the mean of CSR & available measures selected from the population. Resultants are qualitative in nature.

Guest editorial: Historical perspectives on corporate governance debate and introduction to the special issue on corporate governance and sustainability

PurposeThe purpose of this study is the development of an integrated framework between corporate governance and sustainability, based on the advancements within the field of contemporary governance leading to a renewed focus on sustainable development.Design/methodology/approachIn this paper, the authors provide succinct summary of the evolution of corporate governance over the past century from an historical perspective: starting with the early work of Berle and Means – which focuses on the legal separation of ownership and control – and the subsequent challenges within this framework – all the way to analyzing the major impact of Nobel Laureate Milton Freidman’s work on corporate goals and governance. The authors' approach identifies the key transformation of corporate goals and corporate goals' paradigm shift in progression and focus within corporate houses over time, including how these are approached in the present day by integrating the concept of primacy of all stakeholders. The authors relate this to contemporary developments in the Business Round table and the United Nations’ adoption of the 2030 Agenda for Sustainable Development Goals. The authors also identify specific corporate governance themes within global economic forums, as well as the critical interlinkages needed by all global corporations to achieve sustainable growth.FindingsThe primary objectives of the corporate governance themes adopted by global economic forums this decade are in the best interest of all stakeholders – including customers, employees, regulators, local communities, and shareholders. This applies both during periods of relative stability and during crises. A review of the good corporate governance relies on internal mechanisms such as the structure of a board and incentives for management, and on external mechanisms such as institutions that demand accountability. All these mechanisms are important as the mechanisms form the core of how (and for whom) corporations generate value. Ultimately, optimal corporate governance can help deliver both economic gains and societies that value all.Practical implicationsWith globalization, the public has higher expectations from corporate CEOs than in the past. Corporate leaders have the ultimate responsibility for creating an organizational culture that supports trust and ensures that corporate leaders' management and employees embody and act on the stated values and mission of their organization. Areas of increased social expectations that require the attention of boards of directors include diversity, transparency, equal opportunity, and eliminating all forms of harassment.Originality/valueThis study identifies a viable agenda for global corporations based on concurrent developments to achieve sustainable development and growth. The recent related research work is also presented.