Global Social Movements and the Governance of the Firm: Past, Present, and Future

Abstract

Research Question/IssueThe objective of this special issue (SI) is to galvanize research that examines the impact of different kinds of global social movements (GSMs) on the practice of international corporate governance.Research Findings/InsightsThe articles included in this SI provide unique insights into how various GSMs, including the feminist, #blacklivesmatter, and climate movements, influence and are influenced by corporate governance actors and practices across different institutional contexts.Theoretical/Academic ImplicationsExecutives and boards face increasing pressures to make corporate decisions that consider the demands emerging from different GSMs. This SI uncovers how and why some social movements weigh heavier in corporate decision‐making. This SI uncovers the implications of GSMs for corporate governance actors and processes in different institutional contexts.Practitioner/Policy ImplicationsEquipped with the power of the internet, recent social movements have become more global in character. The rising power, reach, and prominence of large corporations have made them a common target of GSMs that aim to influence not only societal values but also corporate values. The articles in this SI provide useful insights into how GSMs engage with corporations and corporate actors and assess their impact on the governance of the firm in different countries.