‘Regulating for Corporate Sustainability: Why the Public-Private Divide Misses the Point’

“Is the company a public or private entity? This intellectually interesting debate may serve as a deflection device, keeping bright academic minds occupied with discussing the nature of the company. In my forthcoming chapter in Understanding the Modern Company (Choudhury and Petrin, eds, Cambridge University Press), I argue that the debate risks exacerbating unnecessarily entrenched positions on the nature, purpose and responsibility of the company. It risks enforcing an incorrect impression of a hard-lined dichotomy between public and private, shareholders and other stakeholders, social responsibility and corporate governance. It may therefore make more difficult the discussion of the more important question: how do we regulate for corporate sustainability? …” (more)

[Beate Sjåfjell, Business Law Blog, 30 May]

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