The article discusses the need for corporate governance reform to address sustainability issues. It argues that current frameworks for governance debates are too narrow and need to be expanded to consider more fundamental corporate dynamics. The researchers propose a new approach to corporate governance that focuses on reforming the incentives that lead to excessive risk-taking and externalization of costs. They suggest re-envisioning the corporate form and corporate law to promote sustainability and better outcomes. The article also evaluates current reform initiatives and suggests more ambitious changes, such as rethinking the role of the board of directors and holding shareholders accountable for socially harmful actions.