CORPORATE GOVERNANCE AND ENVIRONMENTAL SUSTAINABILITY: A LEGAL STUDY

Business issues are no longer independent of one another. Similar to the relationships within a corporation, there is a necessity to interwove several issues like environmental sustainability and corporate governance. This paper will discuss how the mechanism of ecological corporate governance can facilitate protection of corporates and accountability of corporates in regard to their ecological footprint. The paper tries to capture laws, regulations, and court decisions in India which react to enforcement of corporate eco governance and responsible corporate accountability in the environment via a doctrinal legal analysis. Indias legal approach as illustrated within this paper is in a transition phase as indicators of enforcement like the Companies Acts CSR and SEBIs sustainability reporting directives and South African Companies Act eco governance directives illustrates a concern for the ecological balance of corporate governance. Nonetheless, gaps in the enforcement of legal eco governance coupled with a weak legal foundation such as the Companies Act CSR provisions, is restricting the legal transition. Thus, this piece highlights adherence to eco governance pillars, the enforcement of a weak legal foundation coupled with eco sustainability goals that align with international standards as a primary concern for legal transition. These findings can contribute to the formulation of eco governance legal frameworks.