Company Law and Sustainability
Legal Barriers and Opportunities

This book advances an innovative, multi-jurisdictional argument for the necessity of company law reform to reorient companies towards environmental sustainability.

Beate Sjåfjell (Edited by), Benjamin J. Richardson (Edited by)

9781107043275, Cambridge University Press

Hardback, published 21 May 2015

374 pages
22.9 x 15.2 x 2.2 cm, 0.67 kg

'Company Law and Sustainability is clearly one of the most comprehensive works on the topic to date. Overall, the book embodies a truly accessible and well thought out comparative approach to many of the key issues discussed, as well as some ideas for future reform. One can only hope that those with the power to instigate change discover it, before it is too late.' Ben Archer, Legal Studies

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.

List of contributors
Foreword
Preface
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
Index.

Subject Areas: The environment [RN], Environment law [LNKJ], Company, commercial & competition law [LNC], Corporate governance [KJR]