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Company law and sustainability : legal barriers and opportunities

Publication Details Click to collapse Cite/Export

  • Creator edited by Beate Sjåfjell, Benjamin J. Richardson
  • Format Books
  • Contributors
  • Publication Cambridge ; New York : Cambridge University Press, 2015.
  • Physical Details
    • xvi, 356 pages ; 24 cm
  • ISBNs 9781107043275, 1107043271
  • OCLC ocn896863240

Summary

  • "This investigation of the barriers to and opportunities for promoting environmental sustainability in company law provides an in-depth comparative analysis of company law regimes across the world. The social norm of shareholder primacy is the greatest barrier preventing progress, and it also helps explain why voluntary action by companies and investors is insufficient. By deconstructing the myth that shareholder primacy has a legal basis and challenging the economic postulates on which mainstream corporate governance debate is based, Company Law and Sustainability reveals a surprisingly large unexplored potential within current company law regimes for companies to reorient themselves towards sustainability. It also suggests possible methods of reforming the existing legal infrastructure for companies and provides an important contribution to the broader debate on how to achieve sustainability"--
  • "This investigation of the barriers to and opportunities for promoting environmental sustainability in company law provides an in-depth comparative analysis of company law regimes across the world. The social norm of shareholder primacy is the greatest barrier to progress, and it also helps explain why voluntary action by companies and investors alone is insufficient. By deconstructing the myth that shareholder primacy has a legal basis and challenging the economic postulates on which the mainstream corporate governance debate is based, Company Law and Sustainability reveals the surprisingly large unexplored potential in current company law regimes for companies to reorient themselves towards sustainability. It also suggests possible methods of reforming the existing legal infrastructure for companies and makes an important contribution to the wider debate on how to achieve sustainability"--

Notes

  • Includes bibliographical references and index.

Contents

  • 1. Capitalism, the sustainability crisis, and the limitations of current business governance / Benjamin J. Richardson and Beate Sjåfjell -- 2. Corporate social responsibility and environmental sustainability / David Millon -- 3. Shareholder primacy : the main barrier to sustainable companies / Beate Sjåfjell, Andrew Johnston, Linn Anker-Sørensen, and David Millon -- 4. The role of board directors in promoting environmental sustainability / Blanaid Clarke -- 5. Accounting, auditing, and reporting : supporting or obstructing the sustainable companies objective? / Charlotte Villiers and Jukka Mähönen -- 6. Financial markets and socially responsible investing / Benjamin J. Richardson -- 7. Limits to corporate reform and alternative legal structures / Carol Liao -- 8. The future for company law and sustainability / Beate Sjåfjell and Benjamin J. Richardson