The Future of Corporate Governance: Adapting to the Dynamics of New Business Models

Abstract

This paper examines the function of company governance (CG) in guiding power corporations via crises, along with the COVID-19 pandemic, and adapting to new strategic possibilities, mainly inside environmental, social, and governance (ESG) tasks. Using a multi-case approach, the studies analyzes huge energy companies and startups to discover how forums of administrators manage innovation, networks, and organizational changes during disruptions. The findings monitor that ESG initiatives faced sizable challenges during the pandemic, with boards intervening to foster innovation and modify organizational structures. The paper additionally contributes to the sphere of Business Model Dynamics (BMD) by way of clarifying the concepts of Business Model Innovation, Adaptation, and Evolution. The research highlights the significance of distinguishing between those terms and aligning enterprise model modifications with strategic goals. The examine gives both theoretical and practical insights, imparting a comprehensive framework for expertise the dynamics of CG and commercial enterprise version evolution in turbulent environments. These insights guide businesses in leveraging CG practices to force innovation, sustainability, and long-time period resilience in a rapidly converting international.