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Sustainability, Justice and Corporate Law: Redistributing Corporate Rights and Duties to Meet the Challenge of Sustainability
European Business Organization Law Review ( IF 2.1 ) Pub Date : 2022-02-21 , DOI: 10.1007/s40804-021-00235-x
Benedict Sheehy 1
Affiliation  

Sustainability is the main challenge for humanity. The current climate crisis and growing inequality are both the direct consequence of human choices and activities, particularly through the corporation. Addressing these challenges requires clarity on what we mean by sustainability and justice and precisely how the corporation contributes to the situation. Both sustainability and justice have geographic and time dimensions. Law, however, is limited because it is largely jurisdictionally based and corporate law is heavily short-term orientated. This set of circumstances creates an imperative to consider how the issue can be resolved including changes to the long-standing institutions of corporate law. This paper considers the sustainability challenges and places them in the context of justice. It argues for corporate reforms of board and shareholder structures such that rights and duties are redistributed to parties with greater interests in sustainability and justice. It then explores how that could be done and the corporation re-normed to better serve society.



中文翻译:

可持续发展、正义和公司法:重新分配公司权利和义务以应对可持续发展的挑战

可持续性是人类面临的主要挑战。当前的气候危机和日益严重的不平等都是人类选择和活动的直接后果,尤其是通过公司。应对这些挑战需要明确我们所说的可持续性和正义的含义,以及公司如何为这种情况做出贡献。可持续性和正义都具有地理和时间维度。然而,法律是有限的,因为它主要以管辖权为基础,而且公司法非常注重短期。在这种情况下,必须考虑如何解决该问题,包括改变长期存在的公司法制度。本文考虑了可持续性挑战,并将其置于正义的背景下。它主张对董事会和股东结构进行公司改革,以便将权利和义务重新分配给对可持续性和正义有更大利益的各方。然后,它探讨了如何做到这一点,并重新规范公司以更好地为社会服务。

更新日期:2022-02-21
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