Book contents
- Reviews
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- Copyright page
- Dedication
- Contents
- Contributors
- Forewords
- Preface
- Introduction
- Part I Global Business and Fragmented Regulation
- Part II Corporate Law, Financial Markets and Sustainability
- Part III Corporate Law, Corporate Governance and Sustainability: Case Studies
- Part IV Potential Drivers for Change
- 37 Disclosure Regulation and Sustainability
- 38 Sustainability Reporting in Africa
- 39 Global Supply Chains and Sustainability
- 40 Aligning Social Investing with Nature’s Timescales
- 41 Shareholder Stewardship
- 42 Green Bonds and Beyond
- 43 Conflicts and Coalitions
- 44 Gender as a Catalyst for Corporate Reform
- 45 Amenable Controls
- 46 Social Enterprise Law
- 47 Certifying ‘Good’ Companies
- 48 The Cooperative as a Platform for Sustainable Business Operations
- 49 Realising the Potential of the Board for Corporate Sustainability
- Conclusion
- Index
43 - Conflicts and Coalitions
The Drivers of European Corporate Sustainability Reforms
from Part IV - Potential Drivers for Change
Published online by Cambridge University Press: 25 November 2019
- Reviews
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- Copyright page
- Dedication
- Contents
- Contributors
- Forewords
- Preface
- Introduction
- Part I Global Business and Fragmented Regulation
- Part II Corporate Law, Financial Markets and Sustainability
- Part III Corporate Law, Corporate Governance and Sustainability: Case Studies
- Part IV Potential Drivers for Change
- 37 Disclosure Regulation and Sustainability
- 38 Sustainability Reporting in Africa
- 39 Global Supply Chains and Sustainability
- 40 Aligning Social Investing with Nature’s Timescales
- 41 Shareholder Stewardship
- 42 Green Bonds and Beyond
- 43 Conflicts and Coalitions
- 44 Gender as a Catalyst for Corporate Reform
- 45 Amenable Controls
- 46 Social Enterprise Law
- 47 Certifying ‘Good’ Companies
- 48 The Cooperative as a Platform for Sustainable Business Operations
- 49 Realising the Potential of the Board for Corporate Sustainability
- Conclusion
- Index
Summary
Traditionally, corporate governance debates have contrasted models based on the principle of shareholder primacy with others taking into account the interests of other stakeholders, such as organised labour. This chapter argues that a new corporate governance compromise is emerging, particularly in Europe, driven by responsible investors, civil society and organised labour, which might offer a new way of overcoming the shareholder versus stakeholder dispute. This emerging NGOs-Investor-Union nexus is illustrated using various examples of recent regulatory initiatives: the EU Non-financial Reporting Directive; the Dutch Banking Sector Agreement regarding human rights; the UK Modern Slavery Act and the French Law on the ‘duty of vigilance’. The chapter draws on the abovementioned cases to elaborate some conjectures on the implications and limitations of this dynamic and fragile convergence of interests for policy-makers and existing debates on sustainable corporate governance reforms.
- Type
- Chapter
- Information
- Publisher: Cambridge University PressPrint publication year: 2019
- 2
- Cited by