Objectives: The primary objective of this paper is to explore how corporate governance failures can disrupt progress toward SDGs by eroding organizational commitment and sustainability. Theoretical Framework : This paper has adopted “The Stewardship Theory” model to align with the Corporate Governance practices at ICICI Bank and thereby highlight the flaws in the system. Method: Chanda Kochhar began her career at ICICI Bank in 1984 as a Management Trainee. After navigating through a fierce succession battle, she rose to the level of Managing Director in 2009. She became the first woman in Indian history to lead a mighty bank, succeeding the group Chairman K.V. Kamath. She was the face of Women Empowerment in India till one fine day when she was accused of corporate misconduct and quid pro quo for her involvement in questionable deals between her husband and Venugopal Dhoot, which were brought to light by whistle-blower Arvind Gupta, prompting an investigation. Results and Discussion: After preliminary hitches, the Central Bureau of Investigation thoroughly investigated this matter and found Chanda Kochhar guilty. This breakdown greatly impacted ICICI and had larger implications for achieving sustainability development goals (SDGs), predominantly those related to strong institutions & ethical leadership SDG 16, gender equality SDG 5 and decent work and economic growth SDG 8. Research Implications: It was brought to light by an autonomous investigation that ICICI Banks’ CEO had failed to adhere to the set rules, regulations, and policies of the bank. In fact, she had dishonored the bank’s norms. This episode demonstrates how corporate governance failures can disrupt progress toward SDGs by eroding organizational commitment and sustainability.
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