Work

Shareholder primacy: the main barrier to sustainable companies

Year: 2015

Type: book-chapter

Abstract: While we may well agree that the company is an ingenious invention, we also know that ‘business as usual’ is not viable if we wish to preserve the very basis of our existence. Our own well-being and that of future generations depend on companies, the dominant form of business, contributing to the transformation towards sustainability. As explained in the Introduction to this book, the hypothesis informing the work of the Sustainable Companies Project is that regulation or governance of business decision-making should be included in the toolbox for sustainability. A comparative analysis of core company law – the rules regulating the identity of corporate decision-makers, and the aims of, and any limitations on, those decisions – is essential to evaluate whether there is a realistic prospect of integrating sustainable development, and especially its environmental dimensions, into corporate decision-making.

Source: Cambridge University Press eBooks

DOI: 10.1017/cbo9781107337978.005

Authors: Beate Sjåfjell, Andrew Johnston, Linn Anker-Sørensen, David Millon

Institutions: University of Oslo, University of Warwick, Washington and Lee University

Language: English

Topic: Corporate Governance and Law

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W2190150571

FWCI: 18.44

Cites: 52

Cited by: 90

Related to: 10