The Role of Corporate Governance in Driving Technological Innovation for Sustainable Development

Abstract

This study examines how corporate governance promotes sustainable development-focused technical innovation. It links governance mechanisms including board diversity, executive compensation, and shareholder activism to UN Sustainable Development Goal-aligned innovation strategies. Long-term sustainable technology R&D investments are driven by effective governance structures. The research shows how well-structured governance frameworks can enable innovation that addresses global sustainability concerns, contributing to environmental stewardship, social equity, and economic growth through case studies of successful firms. Harmonised global standards and collaborative governance methods are needed to overcome regulatory discrepancies and short-termism and enable a more sustainable and equitable future. This chapter emphasises the need to integrate corporate governance with sustainability goals to promote technology that benefits businesses and society.