Corporate Governance, Sustainability Initiatives and Firm Performance: Theoretical and Conceptual Perspectives

Abstract

The objective of this paper is to generate a discuss as to the degree to which corporate governance and sustainability initiatives are predictor variables for firm performance, with the premise that firms have to be deliberately placed for them to harness the prospects available in their immediate environments. In relation to this study, the stakeholders, agency and institutional theories form the bedrock for the underpinning theories used for formulating the research framework with respect to the relationships among firm performance, corporate governance and sustainability initiatives respectfully. Less research efforts are involved in this area of study in the less developed nations, particularly with respect to the impacts of corporate governance on the environmental and social initiatives as well the financial and non-financial corporate performances of firms. Therefore, scholars and practitioners are encouraged to advance the body of knowledge in this study area for the global enhancement of productivity, as the review has conceptualised the integration of corporate governance and sustainability initiatives as strategic tools for enhancing firm performances locally and internationally. Contribution/ Originality: This study documents the required awareness for more study efforts by researchers and practitioners in the emerging and developing climes with respect to the relationships among corporate governance, sustainability initiatives and firm performance.

Public Relations and Employee Performance in Nigerian Institutions of Higher Learning

“…Effective communication binds together all organizational activities (Samuel, 2019). This assertion agrees with Adagala and Michael (2017) and Miner (2005), who posit that people organize together what they cannot accomplish individually, and, according to them organizing happens through effective communication.…”

“…This assertion agrees with Adagala and Michael (2017) and Miner (2005), who posit that people organize together what they cannot accomplish individually, and, according to them organizing happens through effective communication. Many corporate organizations such as tertiary institutions of learning constantly take deliberate efforts to ensure effective communication as a means of strengthening management-employee relationships and enhancing employee performance (Otubanjo et al, 2010;Paul, 2016;Samuel, 2019).…”

“…Simply put, communication is the deliberate act of conveying a message via a systematic channel from a source to a receiver with accompanying feedbacks (Baran, 2010). All communication and PR activities in an organization such as tertiary institutions of learning are mobilized and geared towards achieving effective performance by employees (Samuel, 2019). Simply put, performance is the way in which somebody does a job, judged by its effectiveness or the manner in which somebody functions, operates and behaves.…”

“…Simply put, performance is the way in which somebody does a job, judged by its effectiveness or the manner in which somebody functions, operates and behaves. Performance is also seen as the act of carrying out or accomplishing a task, or an action in an efficient manner for the fulfilment of its intended purposes (Samuel, 2019).…”

“…The scholars observed that effective communication needs a variety of media to meet employees' basic information needs and facilitate free flow of information and ideas. PR professionals use their specialization in communication to make sagacious choice that suits the objectives and time-frame for transmission of a type of information in any of the media (Samuel, 2019). There are several media that suit internal communication, and they include house journal, news bulletin, newsletter, induction amongst others (Grunig, 2002).…”