Abstract
SMEs and corporations are subject to a variety of external and internal pressures that often lead to change in their corporate governance structures and accounting/reporting systems.The environment in which these organisations are collocated have been going through a deep process of change, due to COVID-19 pandemic, climate change, block-chain/digital transition, and energy industry crisis. Moreover, business activities repre-sent a critical and a vital component of human existence across the globe, and not only froma financial standpoint. In fact, their impact on societal, environmental and animal conditions is, by now, undisputed. Yet, they are frequently strewn with allegations of be-ing the actual ignition of disruptions and other collapses, which persevere in escaping the scrutiny of international governments. That said, for an effective delivery of sustain-able business activities, the concepts of governance and accountability are crucial, and the future of the inhabitants of Planet Earth is arguably dependent on the ability of cor-porations (through their entire value chain) to govern themselves well and to demonstrate accountability to their many stakeholders, possibly through the adoption of good govern-ance standards which are pacifically accepted, and globally harmonized ESG reporting tools, able to assess and evaluate risk exposure and provide forward-looking information,i.e.digitally, environmentally and socially sophisticated.