Corporate governance and business sustainability: how relevant is corporate social responsibility

There is a conscious emphasis on sustainability globally in recent times. Organizations as one of the major components of the society are the focal point in these global discussions. Corporate governance is therefore a major phenomenal in this subject matter. In the light of the above, this research examined the impact of corporate governance on business sustainability of quoted oil and gas companies on the Nigerian Stock Exchange. The study adopted ex-post facto research design. The population of the study comprised all listed oil and gas companies on the Nigerian stock exchange. The sample size of 10 oil firms were selected using judgmental and convenience stratified technique. Data were collected from the audited annual reports of the firms under study for the period of seven years (2011-2017). The findings of the study revealed that, corporate governance when regressed with business sustainability proxies had a positive significant impact on corporate social responsibility as a measure of business sustainability. The study concludes that corporate governance has different influence on business sustainability indicators. It was recommended that regulators of oil and gas companies keep a close tab on influence of corporate governance structures and practices of oil and gas companies in Nigeria