En-Governance – A paradigm shift in corporate governance

The current corporate activities damaged the fragile Environment. The fragile environment is undergoing unsustainable levels of stress from growing unsustainable activities of the corporate. Fast depletion of resources, shrinking of water bodies, desertification, air, water, soil pollutions, warming globe, acid precipitation, threats to ozone layer, accumulation of green house gases, desert consuming agricultural land, disappearance of rain forests, loss of species and climate change are some of the major environmental issues which really threatens the very survival of Trade, Industry and commerce. The unbridled access to the natural resources by the corporate is considered the primary sources of these environmental issues. The frame work used for decision making by the corporate caused an irreversible damage and a strong carbon print on the nature exposed the failure of the corporate not exhibiting the CSR with letter and spirit.

Corporate hardly included the Ecological Environment as one of its stakeholders in their decision making processes. Environment with full of resources sustains business Nature is the only source of supply for all the needs and wants of the creatures of this planet including the corporate. Disturbance in the supply chain will paralyze the life of this planet. The current corporate created many environmental problems particularly environmental conflicts. Corporate activities created a negative impact on the society and caused society unrest. The prospect of the investors, employees, public at large lies in the strength of the Environment. Therefore a paradigm shift in general practice of the present corporate governance should consider or include environment as one of the stakeholders.

The En-Governance refers Environmental Governance. The new En-Governance is expected to search new sustainability sources of gaining long term competitiveness by differentiation. For they are the opinion formers, these strategists stimulate the focus on environmental based corporate strategy adoption by investors and other financing players. It means learning how to manage environmental issues beyond law to regulation, complying and for more than environment reporting, marketing and communication.