Company Law and Sustainability: Legal Barriers and Opportunities

Company Law and Sustainability: Legal Barriers and Opportunities
Format
Hardback
Publisher
Cambridge University Press
Country
United Kingdom
Published
21 May 2015
Pages
374
ISBN
9781107043275

Company Law and Sustainability: Legal Barriers and Opportunities

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.

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