Is this Sustainability Development Framework Motivation to a Multi-National Enterprise?: Attesting Corporate Governance in China

Shu-Chen  Chang; Hongwei  Li; Hangyuan  Guo; Yu-Chen  Wei; Praphaphan  Wunsuk

doi:10.60027/ijsasr.2023.3079

Authors

Shu-Chen Chang Innovation Collage, North-Chiang Mai University, Thailand https://orcid.org/0009-0005-1698-3640
Hongwei Li Innovation Collage, North-Chiang Mai University, Thailand https://orcid.org/0009-0009-5109-6819
Hangyuan Guo Innovation Collage, North-Chiang Mai University, Thailand https://orcid.org/0009-0008-9298-0478
Yu-Chen Wei Innovation Collage, North-Chiang Mai University, Thailand https://orcid.org/0009-0001-7914-7683
Praphaphan Wunsuk Independent Researcher, Thailand https://orcid.org/0009-0003-3685-0752

DOI:

https://doi.org/10.60027/ijsasr.2023.3079

Keywords:

Corporate Governance; , Sustainable Business Management; , China

Abstract

Background and Aim: The global economic crisis highlights the importance of corporate governance in large enterprises for profit protection and sustainable development. China faces challenges in implementing this framework, focusing on efficiency, effectiveness, and regulatory mechanisms.

Materials and Methods: This paper is an academic paper. The author has collated and analyzed the various aspects of the notion of corporate governance, ranking the most significant aspects in descending order.

Results: Sustainable business management in large enterprises in China involves corporate governance across five dimensions: structure, process, ethics, competence, wisdom, eco-efficiency, and sustainability report. This approach creates long-term added value for owners and shareholders by managing risk in economic, social, and environmental dimensions. Organizations must adapt strategies and work systems to maintain a competitive advantage and meet stakeholder needs.

Conclusion: Sustainable business management in China involves corporate governance across five dimensions, focusing on structure, process, ethics, competence, wisdom, eco-efficiency, and sustainability report, ensuring long-term value and meeting stakeholder needs. China’s large enterprises provide high returns, contribute to society, and foster trust, transparency, and economic, social, and environmental dimensions, benefiting China’s future.

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