Abstract
Good corporate governance can play a significant role for the company's financial sustainability and share price. Over the last few decades, administrators, researchers, and educators constantly focused on the role of corporate governance. However, studies that have been emphasized on the relationship between corporate governance, financial sustainability, and shareholder value are scant. The main purpose of this study is examined good corporate governance and financial sustainability are predictor variables that helps companies to maximize share price in food & beverage sector in Saudi Stock Exchange. The data was collected from annual reports, DataStream and Saudi Stock Exchange (Tadawul). This study employs balanced panel data and statistical techniques like descriptive statistics, correlation matrix, pooled ordinary least square and mediation techniques (Baron & Kenny and Bootstrap Approach) was tested. The author used Stata 15 software for this analysis. The results reveal that financial sustainability mediates the relationship between corporate governance (board size) and shareholder value (share price) of companies in Saudi Arabia. This study contributes by adding mediator financial sustainability between board size and share price in a developing market with particular reference to food & beverage sector in Saudi Stock Exchange.