Shareholder Primacy and Global Business

Shareholder Primacy and Global Business

In the context of growing public interest in sustainability, Corporate Social Responsibility (CSR) has not brought about the expected improvement in terms of sustainable business. Self-regulation has been unable to provide appropriate answers for unsustainable business frameworks, despite empirical proof that sustainable behaviour is entirely in corporate enlightened self-interest. The lack of success of the soft law approach suggests that hard law regulation may be needed after all. This book discusses these options, alongside the issue of shareholder primacy and its externalities in corporate, social, and natural environment. To escape the "prisoner's dilemma" European corporations and their global counterparts have found themselves in, help is needed in the form of EU hard law to advocate sustainability through mandatory rules. This book argues that the necessity of these laws is based on the first-mover's advantage of such corporate law approach towards sustainable development. In the current EU law environment, where codification of corporate law is sought for, forming and defining a general EU policy could not only help corporations embrace this self-enlightened behaviour but could also build the necessary "EU corporate citizenship" atmosphere. Considering the developments in the field of CSR as attempts to mitigate negative externalities resulting from inappropriate shareholder primacy use, the book is centred around a discussion of the shareholder primacy paradigm, its legal position and its (un)suitability for modern global business. Going beyond solely legal analysis, juxtaposing legal principles and argumentation with economic theoretic approaches and, more importantly, real-life examples, this book is accessible to both professionals and academics working within the fields of business, economics, corporate governance and corporate law. e development. In the current EU law environment, where codification of corporate law is sought for, forming and defining a general EU policy could not only help corporations embrace this self-enlightened behaviour but could also build the necessary "EU corporate citizenship" atmosphere. Considering the developments in the field of CSR as attempts to mitigate negative externalities resulting from inappropriate shareholder primacy use, the book is centred around a discussion of the shareholder primacy paradigm, its legal position and its (un)suitability for modern global business. Going beyond solely legal analysis, juxtaposing legal principles and argumentation with economic theoretic approaches and, more importantly, real-life examples, this book is accessible to both professionals and academics working within the fields of business, economics, corporate governance and corporate law.


Author
Publisher Routledge Research in Corporate Law
Release Date
ISBN 9780367183981
Pages 277 pages
Rating 4/5 (86 users)

More Books:

Shareholder Primacy and Global Business
Language: en
Pages: 277
Authors: Lela Mélon
Categories: Corporate governance
Type: BOOK - Published: 2019 - Publisher: Routledge Research in Corporate Law

In the context of growing public interest in sustainability, Corporate Social Responsibility (CSR) has not brought about the expected improvement in terms of su
Shareholder Primacy and Global Business
Language: en
Pages: 277
Authors: Lela Mélon
Categories: Law
Type: BOOK - Published: 2019-03-13 - Publisher: Routledge

In the context of growing public interest in sustainability, Corporate Social Responsibility (CSR) has not brought about the expected improvement in terms of su
Global Business
Language: en
Pages: 656
Authors: Mike W. Peng
Categories: Business & Economics
Type: BOOK - Published: 2022-02-10 - Publisher: Cengage Learning

Discover success in global business today with the strategic approach and unique coverage found only in Peng's GLOBAL BUSINESS, 5E. This book asks the big quest
The Oxford Handbook of Food, Water and Society
Language: en
Pages: 640
Authors: Tony Allan
Categories:
Type: BOOK - Published: 2019-09-27 - Publisher: Oxford University Press

Food, water and society: what is managed by whom, and with what impacts? Our food supply chains are at risk. Water resources--sometimes scarce, often damaged, a
Corporate Social Responsibility in the Global Business World
Language: en
Pages: 367
Authors: Asli Yüksel Mermod
Categories: Business & Economics
Type: BOOK - Published: 2013-08-29 - Publisher: Springer Science & Business Media

This book provides an overview of the application of Corporate Social Responsibility in businesses and corporations around the world. Primarily based on real ca
Legal Regulation of Corporate Social Responsibility
Language: en
Pages: 324
Authors: Mia Mahmudur Rahim
Categories: Business & Economics
Type: BOOK - Published: 2013-11-27 - Publisher: Springer Science & Business Media

Even though Corporate Social Responsibility (CSR) has become a widely accepted concept promoted by different stakeholders, business corporations' internal strat
Money Law, Capital, and the Changing Identity of the European Union
Language: en
Pages: 269
Authors: Gabriella Gimigliano
Categories: Law
Type: BOOK - Published: 2022-09-08 - Publisher: Bloomsbury Publishing

This book addresses 3 questions: is money a way to create a European Union identity? If so, which type of identity is this? And in what ways is the EU identity
Global Business
Language: en
Pages: 184
Authors: Mahesh Joshi
Categories: Business & Economics
Type: BOOK - Published: 2018-08-09 - Publisher: Oxford University Press

In the wake of the Brexit vote and the election of Donald Trump, globalization has found itself increasingly under the microscope. An active international discu
Regulating the Crypto Economy
Language: en
Pages: 384
Authors: Iris H-Y Chiu
Categories: Law
Type: BOOK - Published: 2021-10-21 - Publisher: Bloomsbury Publishing

This book focuses on the building of a crypto economy as an alternative economic space and discusses how the crypto economy should be governed. The crypto econo
Global Business and Human Rights
Language: en
Pages: 419
Authors: James Featherby
Categories: Human rights
Type: BOOK - Published: 2011 - Publisher: Sweet & Maxwell

This publication is an essential guide for general counsel and law firms to the changing world of human rights and its importance for global business. The book