The Synergy of Risk Management and Corporate Governance on Business Performance and Sustainability

Abstract

This study aims to analyze the relationship between risk management, corporate governance, and company performance in a cross-sector context. Using a Systematic Literature Review approach to various articles indexed by Google Scholar over the past five years, this study identifies consistent patterns of relationships between the effectiveness of risk management and the quality of Good Corporate Governance implementation on increasing company value and performance. The results of the study show that the integration of these two concepts plays an important role in creating operational efficiency, strengthening investor confidence, and increasing organizational resilience amid global economic uncertainty. Furthermore, the implementation of transparent and accountable Good Corporate Governance has been proven to strengthen risk management discipline and reduce the potential for internal conflicts of interest. Overall, this study confirms that the synergy between risk management and Good Corporate Governance not only functions as a control instrument but also as a key strategy in creating long-term value and business sustainability in the dynamic digital era.