This thesis focuses on the relationships between corporate governance structures and the interactions between corporate governance actors. It places the audit committee at its central focus point, but within a holistic corporate eco-system. To develop a more rounded understanding of corporate governance phenomena, the relationships between governance structures and the interactions between governance actors are framed through the lenses of both agency theory and institutional theory.

This paper, identifying the research gap, studies the external drivers for adoption of ISO 14001 standard by manufacturing facilities in India taking institutional theory lens.