Read e-book online Company Law and Sustainability: Legal Barriers and PDF

By Beate Sjåfjell, Benjamin J. Richardson

ISBN-10: 1107043271

ISBN-13: 9781107043275

This research of the limitations to and possibilities for selling environmental sustainability in corporation legislations presents an in-depth comparative research of corporation legislation regimes the world over. The social norm of shareholder primacy is the best barrier combating development, and it additionally is helping clarify why voluntary motion through businesses and traders is inadequate. by means of deconstructing the parable that shareholder primacy has a felony foundation and not easy the industrial postulates on which mainstream company governance debate relies, corporation legislation and Sustainability finds a shockingly huge unexplored power inside present corporation legislation regimes for corporations to reorient themselves in the direction of sustainability. It additionally indicates attainable tools of reforming the prevailing felony infrastructure for firms and gives a major contribution to the wider debate on how you can in achieving sustainability.

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This has the potential to make more effective the external regulation of companies and realise the potential within each company to make its own independent, creative, and active contribution to society’s transformation to sustainability. The analysis of corporate boards of directors is continued in Blanaid Clarke’s more specialised Chapter 4, ‘The role of board directors in promoting environmental sustainability’. She discusses the role that boards and individual directors can play in ensuring that their companies act in a manner that promotes sustainability.

R. , ‘Corporate governance and social responsibility: a comparative analysis of the UK and the US’ (2006) 14(3) Corporate Governance and Social Responsibility 147. B. com/abstract=1413388. Gillespie, The Illusion of Progress. C. Williams, ‘Corporate social responsibility in an era of economic globalization’ (2002) 35 University of California Davis Law Review 705, at 731. 86 The GFC has provoked much debate among policy-makers, academics, and other observers about the future governance of the global economy, but so far politicians have struggled to agree to long-term solutions.

In contrast to the older terminology of environmentalists who spoke of ‘nature conservation’, the sustainability discourse seeks to integrate the environmental, social, and economic agendas. It advocates a responsible balance between the otherwise incongruous imperatives of unfettered economic exploitation of natural resources and the dependence of all life on healthy ecosystems. 92 Sustainability is supported by several specific 89 90 91 92 Treaty on European Union (1992), last amended by the Treaty of Lisbon, OJ 2008 C115 (consolidated version), Art.

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Company Law and Sustainability: Legal Barriers and Opportunities by Beate Sjåfjell, Benjamin J. Richardson

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