Navigating Governance in a Globalised World: Ethical, Regulatory, and Strategic Dimensions
DOI:
https://doi.org/10.31674/ijrtbt.2025.v09i03.001Abstract
Introduction: This paper investigates the intricate interplay between globalisation and corporate governance, emphasizing the significant ways in which increasing global interconnectedness has reshaped the frameworks that govern corporations. It addresses the critical imperatives of accountability, the deployment of robust risk mitigation strategies, and the necessity of strict adherence to regulatory standards within the multifaceted context of globalisation. Methods: A comprehensive literature review methodology was employed to synthesise a broad spectrum of existing scholarly work and research findings pertaining to the impact of globalisation on corporate governance. This synthesis encompasses an examination of key governance frameworks, regulatory mandates, and ethical considerations. The Political, Economic, Social, Technological, Legal, and Environmental (PESTLE) framework was strategically applied as an analytical tool to dissect the various external factors that exert influence on corporate governance within a globalised setting. Results: The findings of this review underscore the profound influence of globalisation on corporate governance, highlighting the heightened demands for transparency, the critical importance of strengthened regulatory compliance, and the growing imperative to integrate ethical and social considerations into the core of corporate strategies. This influence presents both avenues for growth and formidable challenges for businesses navigating the complexities of the global arena. Conclusion: In summation, effective corporate governance stands as an indispensable element for successfully navigating the multifaceted complexities inherent in the phenomenon of globalisation. Companies must commit to the development and implementation of agile, inclusive, and transparent governance policies to secure enduring sustainability and uphold the highest standards of ethical conduct in the global market.
Keywords:
Corporate Governance, Ethical Standards, Globalisation, PESTLE Analysis, Regulatory ComplianceDownloads
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