Preliminary communication
https://doi.org/10.22598/iele.2025.12.2.4
THE RELATIONSHIP BETWEEN THE STRATEGIC ROLE OF THE SUPERVISORY BOARD AND THE INTEGRATION OF SUSTAINABILITY GOALS
Darko Tipurić
; University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia
Zlatko Žuro
orcid.org/0009-0003-2838-4851
; Croatian Corporate Governance Society, Zagreb, Croatia
*
* Corresponding author.
Abstract
Sustainability has emerged as a key aspect of corporate governance, with boards playing a key role in the formulation, evaluation, and even the implementation of corporate sustainability strategies. This paper investigates the relationship between the level of supervisory board involvement in the company’s strategy and the integration of sustainability goals. To investigate this relationship, a mixed-method triangulation empirical study was conducted on a sample of 44 supervisory boards and 7 supervisory board members of non-financial public interest entities in Croatia. Both quantitative and qualitative research phases confirm the existence of significant positive relationship between the level of supervisory board involvement in the company’s strategy and the integration of sustainability goals. This relationship is positively moderated by the diversity in knowledge and experience of board members, while both quantitative and qualitative data failed to establish such an effect for both board independence and gender diversity, and qualitative data failed to confirm initial quantitative research finding for board size.
Keywords
board involvement; corporate sustainability; strategy; moderation analysis
Hrčak ID:
342096
URI
Publication date:
22.12.2025.
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