Company Law and Sustainability

Company Law and Sustainability

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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.In Lithuania, this is regulated in Article 2.50(3) of the Civil Code; UAB GApllnerspedition v. ... 295 See e.g. control groups in Germany, AktG As 291(1), translated in H. Schneider and M. Heidenhain, The German Stock Corporation Act: Bilingualanbsp;...

Title:Company Law and Sustainability
Author:Beate Sjåfjell, Benjamin J. Richardson
Publisher:Cambridge University Press - 2015-04-14


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