The purpose of this article is to explain the impact of the company's regulatory performance on sustainability performance and dividends. Lawmakers and institutional authorities in countries around the world have come to the conclusion that corporate governance and corporate disclosure transparency are two inseparable tools for protecting investors and the effective and efficient functioning of the capital market. Although corporate governance and sustainability reporting are recognized research areas, relatively limited attention has been paid to examining possible empirical links between these two areas. Considering that corporate sustainability disclosure is likely to be heavily influenced by ethics, the ethics and values ​​of people who are mainly involved in formulating and making strategic and financial decisions in the company are formed, so the corporate governance mechanism plays an important role. The literature on corporate governance and sustainability reporting indicates that sustainability disclosure choices are positively related to internal and external corporate governance mechanisms, including board independence, audit committee, ownership structure, and institutional ownership. Research has shown that social responsibility measures have a positive effect on a company's financial performance, especially in emerging markets. However, the firm's sustainability performance may have an adverse effect on financial decisions, and firms may tend to reduce dividends because liquidity must be secured for sustainability activities that meet shareholder expectations. That is, there is a tendency in emerging markets for controlling shareholders to direct resources towards sustainable activities, which leads to a negative impact on dividend policy. Therefore, companies can apply corporate governance issues in the affairs of the company while presenting a favorable image of the company in order to benefit from its benefits, including better and cheaper access to financial resources. Also, the organization of Tehran Stock Exchange can formulate the necessary requirements and regulations in the field of disclosure of social information for the companies admitted to the Tehran Stock Exchange and rank the companies in terms of applying and implementing issues related to sustainable performance and for information and Publish the decision of the shareholders.