Shantha Indrajith H. Liyanage, Marcos Ferasso, Kgosietsile Onthametse
This research aims to ascertain how universities’ stakeholders perceive the reconfiguration of Corporate/University Governance to enable the production of green knowledge and innovation needed for sustainable development. A questionnaire was applied to 89 academic stakeholders (90% confidence level, 5% relative tolerable error), consisting of three interrelated Likert items, grouped under the Green Corporate Governance (GCG) construct. In the process, the perceptions of five universities’ stakeholders (Professors, Senior Lecturers, Academic Managers, Non-Academic Managers, and Students) were successfully collected. Chi-Square tests reflected that all the stakeholders agreed that the reconfiguration of the university governance system is warranted. The data analysis (contingency tables) revealed a chi-square test statistic lower than the chi-square value, signifying that all five stakeholders perceive in the same direction that the conventional university governance system needs to be reformed. This research will spur policymakers, governors, and university or education system managers to take appropriate actions to reconfigure the university governance system towards green corporate governance.