The Current Challenges for EU Company and Financial Law and Regulation
European company and financial law and regulation have been evolving over time along with business and financial practices. The resulting ‘social licence’ established by company and financial law and regulation aimed to balance the granted privileges of limited liability and share transferability with the corporate social contribution to economic development and employment. Recent transformations driven by shareholder value and financialisation have been challenging this balance of interests between stakeholders (including employees and shareholders) and society. The EU institutional framework may respond to these challenges by reaffirming the centrality of the enterprise as a going concern. On this basis, corporate accountability and responsibility may be enforced to make ongoing corporate affairs accountable and responsible for their contribution to economy and society. Ongoing corporate capacity to cope with social and environmental responsibilities may be assured along with the fair and sustainable remuneration of stakeholders, including shareholding investors, and a fair tax contribution. The EU institutional design and policy mix may be organised to respond to this comprehensive set of corporate dimensions. Here the most relevant fields to be reconsidered include: enterprise groups and corporate social responsibility; financial reporting and transparency; financial investment and asset management.
AuthorsBiondi, Y; Georges, C
Showing items related by title, author, creator and subject.
HASLAM, CJ; Maielli, G (Elsevier, 2016-10-20)This paper constructs an alternative account of resource stewardship at General Motors (GM) during the period 1909–1940. Alfred Chandler employed GM in his text ‘Strategy and Structure’ to explain the development of the ...
BODELLINI, M (Kluwer Law International, 2018-08)Inefficient and/or ineffective corporate governance arrangements of banks can end up endangering financial stability. Therefore, the efficiency of such arrangements is of paramount importance. To be efficient, corporate ...
Naidu, Jayanthi (2008)This thesis evaluates standard setting initiatives in corporate social responsibility or `CSR' engagements. Chapter 1 establishes how standard setting initiatives are developed through narratives of CSR. In chapter 2, ...