Challenges facing coporate governance sustainability from a legal perspective and ways to overcome them

Abstract

This paper examines the sustainability of corporate governance from a legal standpoint. The study explores the concept of sustainability, the principles and objectives of governance, and analyses the legal challenges both theoretical and practical confronting the sustainability of corporate governance, along with a legal assessment of the pertinent regulations and laws and their effects on sustainability. This study examines the legislation of specific countries and global corporate governance norms relevant to this domain, including a comparative review of Jordanian and Emirati laws. The study's primary focus encompasses the evaluation of the efficacy of current laws, the scrutiny of their implementation and oversight mechanisms, and the identification of contemporary legal trends in corporate governance and sustainability, including legislation that fosters transparency, sustainable disclosure, and corporate social responsibility. The report examines avenues for transitioning to sustainability, strategies for its incorporation into corporate governance, and mechanisms to enhance and enforce legal accountability to fulfil sustainability goals. This involves evaluating the effectiveness of legislation in reconciling financial interests with the environmental and social repercussions of corporations, steering the inquiry towards emerging legal advancements, and pinpointing prospective challenges and opportunities to improve the sustainability of corporate governance via laws and legal structures