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Integrating sustainability into corporate governance
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Johnston, Andrew (2023) Integrating sustainability into corporate governance. In: Bruner, Christopher and Moore, Marc, (eds.) A Research Agenda for Corporate Law. Elgar research agendas . Edward Elgar Publishing, pp. 57-79. ISBN 9781800880436
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Official URL: https://doi.org/10.4337/9781800880443.00010
Abstract
Sustainability in its various guises is perhaps the most pressing issue facing humankind. Companies have to play their part in transforming their business models to meet this imperative. The conventional approach has been that companies should be managed and governed in line with shareholder primacy, with policymakers relying on either specific regulation or informed markets to correct undesirable externalities and ensure that companies operate in a sufficiently sustainable manner. An emerging research sub-field, which examines the relationship between corporate governance and sustainability, suggests that, for a number of reasons, this conventional paradigm has failed. It explores how corporate governance processes might be adapted so as to steer companies towards greater sustainability without making managers unaccountable. This chapter highlights the limitations of the conventional approach and explores recent EU initiatives and policy proposals by critical scholars. This research agenda represents a new and important challenge to shareholder-centric corporate governance.
Item Type: | Book Item | ||||
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Subjects: | H Social Sciences > HD Industries. Land use. Labor K Law [Moys] > KB General and Comparative Law K Law [Moys] > KL Common Law, General K Law [Moys] > KN Common Law, Private Law |
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Divisions: | Faculty of Social Sciences > School of Law | ||||
Library of Congress Subject Headings (LCSH): | Corporate governance , Corporate governance -- Law and legislation , Corporation law , Social responsibility of business, Sustainable development -- Law and legislation | ||||
Series Name: | Elgar research agendas | ||||
Publisher: | Edward Elgar Publishing | ||||
ISBN: | 9781800880436 | ||||
Book Title: | A Research Agenda for Corporate Law | ||||
Editor: | Bruner, Christopher and Moore, Marc | ||||
Official Date: | 14 November 2023 | ||||
Dates: |
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Page Range: | pp. 57-79 | ||||
DOI: | 10.4337/9781800880443.00010 | ||||
Status: | Not Peer Reviewed | ||||
Publication Status: | Published | ||||
Re-use Statement: | This is a draft chapter. The final version is available in A Research Agenda for Corporate Law edited by Christopher M. Bruner and Marc Moore, published in 2023, Edward Elgar Publishing Ltd https://doi.org/10.4337/9781800880443.00010 The material cannot be used for any other purpose without further permission of the publisher, and is for private use only. | ||||
Access rights to Published version: | Restricted or Subscription Access | ||||
Date of first compliant deposit: | 20 February 2024 | ||||
Date of first compliant Open Access: | 14 May 2024 | ||||
Related URLs: |
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