TRACING CORPORATE GOVERNANCE IN THE EMERGING AND DISRUPTIVE ENVIRONMENT: A CLASSIC REVIEW OF LITERATURE
Abstract
Corporate governance pertains to the power dynamics among organisational stakeholders, highlighting how organisations define and pursue their objectives. In emerging and disruptive environments marked by technological advancements, environmental issues, and changing stakeholder expectations, traditional governance frameworks are becoming increasingly strained. This systematic literature review consolidates scholarship published between 2010 and 2025, exploring how corporate governance has adapted amid disruption. The review identifies five main themes: (a) integration of environmental, social, and governance (ESG) factors; (b) technological disruption and artificial intelligence (AI); (c) board composition and diversity; (d) institutional and regulatory settings; and (e) the quality of financial reporting and internal controls. Findings indicate that governance frameworks must evolve to improve board diversity, technical expertise, stakeholder engagement, and adaptability. The review discusses implications for managers, regulators, investors, employees, and the wider community. Limitations include an overdependence on cross-sectional data and inconsistent ESG metrics. Future research should explore longitudinal studies, sector-specific insights, and qualitative research at the board level.
Keywords: Corporate Governance, ESG, Disruptive Technologies, Artificial Intelligence, Board Diversity, Institutional Contexts
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