Govern companies on sustainable way

In the past decade, due to several issues (e.g. Enron, Worldcom and recent stories of the financial sector), corporate governance came in the limelight of the business world.

In the beginning of the century McKinsey undertook a survey called 'Global Investor Opinion Survey' of over 200 institutional investors. Results showed that 80% of the respondents would pay a premium for well-governed companies. Why corporate governance is so important that 80 % of involved investors would pay more for shares where, beside strong fundamentals of course, the governance of a company provides transparency and accountability in its operation and follow certain measures important for the market?

In this article we would like to examine this question and show briefly the concept of corporate governance, its importance, its approach from the sustainable development philosophy point of view and close our article with a short view on MOL’s approach.

Gábor Bacskay – Gergely Orbán