Towards a Sustainable Development: The Role of Company Law
Beate Sjåfjell will present the edited volume Company Law and Sustainability: Legal Barriers and Opportunities. Paige Morrow will give a prepared comment, focusing on company law’s contribution to a sustainable development.
This afternoon seminar is open for all and scholars, students, policy-makers and practitioners with an interest in our time’s most important questions are welcome to join us.
At this afternoon seminar, we will present an edited volume that builds on the groundbreaking research of the Sustainable Companies Project and contributes to the necessary discourse on how to achieve sustainability: Company Law and Sustainability: Legal Barriers and Possibilities, edited by Beate Sjåfjell and Benjamin J. Richardson, published by Cambridge University Press, 2015.
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.
Refreshments will be served.