The development of sustainable economy and its relation to social security is emphasized in clause 2-1 of the macro-economic policies. To this end, the evaluation of the corporate governance should be based on the standard criteria of corporate social responsibility considering sustainable development. This study aims to provide a model of corporate governance within the social responsibility framework to evaluate the conditions of the corporates from the governmental perspective through transparent performance criteria. Moreover, some practical resolutions are suggested. In this study, 15 factors for evaluating corporate governance in Tehran’ ؛ s electricity distribution are investigated. Employing a causal analysis of the suggested model, the reliability and priority of 9 factors were analyzed. After that, to investigate the situation in detail, 61 key functioning criteria were content-analyzed. Employing a field study, challenges and gaps as well as the situation of the company were investigated considering each criterion. To improve the situation, some practice resolutions were suggested through a comparative study in order to improve the performance of the corporate in line with the corporate governance aims within 14 projects, 13 practices, and 4 structural reforms.