The Power of One: How CEO Power Affects Environmental Sustainability
ISSN-Digital
https://www.researchgate.net/publication/291365125_The_Power_of_One_How_CEO_Power_Affects_Corporate_Environmental_Sustainability
Type
conference speech
Date Issued
2015-01-01
Author(s)
Walls, Judith
;
Berrone, Pascual
Abstract (De)
The role of top executives has received scant attention in corporate environmental strategy. In particular, the mechanisms underlying CEOs’ influence over the board of directors and the executive suite in pursuing environmental initiatives are not well understood. We propose that CEO power is a tool that allows CEOs to mobilize resources and influence others to ‘get things done’ based on two social sources of power. CEOs with informal ‘environmental expert’ power have a better understanding of environmental issues, giving them power to address them. This informal power to improve environmental performance is further leveraged by CEOs’ formal power over the top management team and board of directors. In addition, CEOs with informal power are able to translate shareholder pressure for corporate greening into meaningful action.
Language
English
Publisher
Academy of Management Proceedings
Subject(s)
Eprints ID
258805