Achieving Nepal’s sustainable development goals (SDGs) by effective compliance of corporate governance

Abstract

Background: it has been almost two that sustainable development has been a global agenda in a form or other. Nepal’s efforts to successful execu­tion of millennium development goals (MDGs) also opened new paradigms for the enactment of sustainable development goals (SDGs) planned for 2016-2030. The MDGs based on millennium declaration in the year 2000 by the United Nations (UN) has set foundation for the SDGs 2016-2030.

Objectives: The primary purpose of this discourse was to establish the relationship between effective compliance of corporate governance and Nepal’s potential for the attainment of SDGs 2016-2030.

Methods: Fully based on desk review performed in a qualitative setting of inquiry.

Results: There is positive relationship between effective compliance of corporate governance (CG) and potential for the attainment of SDGs 2016-2030 in changing context of Nepal. Further, this paper highlights the gen­eral national scenarios, issues, challenges and ways forward in governing sustainable corporate development in Nepal to contribute the nation in its mission to attainment of sustainable development goals 2016-2030.

Conclusions: Effective compliance of corporate governance serves as an instrumental pre-requisite for enhancing national potential to achieve Ne­pal’s national shared goals on SDG.

Implications: Nepal needs immediate goals diffusion with appropriate re­sources allocation for each participant of sustainable development.