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Toward an updated corporate governance framework: Fundamentals, disruptions, and future research

Ruth V. Aguilera & Maria Ruiz Castillo

Business Research Quarterly2025https://doi.org/10.1177/23409444251320399article
AJG 2ABDC B
Weight
0.68

Abstract

This essay explores the evolving landscape of corporate governance amid global disruptions and changing stakeholder demands. We argue that traditional governance models are unable to effectively address contemporary challenges such as technological advancements, sustainability pressures, and geopolitical conflicts. While corporate governance has traditionally prioritized financial metrics and majority shareholders, there is a growing shift toward incorporating broader societal and environmental considerations. As a result, we highlight the need for a new corporate governance framework that supports the evolving nature of organizations and their corporate governance practices. We argue that the future of corporate governance must integrate ethical leadership, transparency, and a commitment to sustainability to remain relevant in a rapidly changing global marketplace. We conclude by suggesting research areas that require deeper exploration to build robust corporate governance systems. JEL CLASSIFICATION : A10, A13, D21, F23, G34, L2, M14, P48, Q56

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https://doi.org/https://doi.org/10.1177/23409444251320399

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@article{ruth2025,
  title        = {{Toward an updated corporate governance framework: Fundamentals, disruptions, and future research}},
  author       = {Ruth V. Aguilera & Maria Ruiz Castillo},
  journal      = {Business Research Quarterly},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1177/23409444251320399},
}

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Toward an updated corporate governance framework: Fundamentals, disruptions, and future research

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Evidence weight

0.68

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.76 × 0.4 = 0.30
M · momentum1.00 × 0.15 = 0.15
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.