Abstract:
This article examines the correlation between corporate governance and sustainable development goals (SDGs) in the African context. Employing panel data from 42 African nations spanning from 2017 to 2020, the study uses the Ordinary Least Square (OLS) regression technique to test the research hypotheses. The findings demonstrate a notable positive linkage between corporate governance and SDGs. Consequently, policymakers can draw upon the conclusions of this investigation to devise practical and actionable measures pertaining to corporate governance to facilitate the attainment of SDGs. Specifically, corporate governance mechanisms can be relied upon to accomplish sustainable development agenda in developing nations. The contribution of this paper lies in its ability to showcase that corporate governance significantly contributes to the realization of both national and global objectives, such as the SDGs..
Description:
Since its inception, the United Nations (UN) Sustainable Development Goals (SDGs) agenda is rapidly gaining momentum beyond the 193 member states to encompass Non-Governmental Organizations (NGOs), public policy bodies, and private sector organizations (Bebbington and Unerman, 2017). The recognition of the private sector's role in achieving these goals is increasingly being acknowledged by policymakers. Recent scholarly work suggests that all 17 goals are connected to companies, albeit to varying degrees and in an uneven manner (Frey and Sabbatino, 2018; Rashed and Shah, 2020). Consequently, to achieve the desired outcomes within the designated timeframe, both the public and private sectors must actively engage and collaborate to address challenges and foster opportunities. Corporate governance plays a critical role in enabling the private sector's participation in the pursuit of overarching objectives (Agyemang et al., 2019). Therefore, understanding the role of corporate governance will inform policymakers on how to create social and economic value related to the SD.
