Lela Melon

Shareholder Primacy and Global Business

Re-clothing the EU Corporate Law

• Gebundenes Buch

Produktbeschreibung

Going beyond solely legal analysis, juxtaposing legal principles and argumentation with economic theoretic approaches and more importantly, real-life examples, the book is accessible to both professionals and academics working within the fields of business, economics, corporate governance and corporate law.

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Produktdetails

• Routledge Research in Corporate Law
• Verlag: Taylor & Francis Ltd
• Seitenzahl: 286
• Erscheinungstermin: 27. März 2019
• Englisch
• Abmessung: 235mm x 157mm x 20mm
• Gewicht: 524g
• ISBN-13: 9780367183981
• ISBN-10: 0367183986
• Artikelnr.: 56231234

Autorenporträt

Dr. Lela Mélon is a Marie Curie Fellow at the University Pompeu Fabra - UPF, Spain.

Inhaltsangabe

Content
Acknowledgments
1. Corporations, shareholders and society: where do we start? *
2. The incompleteness of modern corporate laws *
2.1 Shareholder primacy as a legal rule - case of the UK *
2.2 Shareholder primacy in the U.S.: not a legal rule yet mandated by the
market? Using Adam Smith's Invisible Hand *
2.3 Shareholder primacy as a binding corporate law precedent? The U.S. and
UK example *
2.3.1 Takeovers as a specific corporate situation - shareholders in the
forefront *
2.3.2 The Myth Lives Nonetheless *
2.3.3 Corporate Right to Its Own Decisions *
2.3.4 US case law as pro- 'traditional shareholder primacy' *
2.3.5 The UK case law as pro- 'traditional shareholder primacy' *
2.4 Berle and Means and the shareholder primacy *
2.5 The Efficiency Arguments in Legal Academia *
2.5.1 Manne and Friedman: Old Premises, New Theory *
2.5.2 Friedman expanded and re-shaped *
2.5.3 Efficiency as the guaranteed outcome of shareholder primacy *
2.6 The penetration of the shareholder primacy in the EU corporate law
system *
2.6.1 The End of History thesis and its pitfalls *
2.6.2 The EU and the shareholder-primacy: historical and conceptual
perspective *
a) The EU harmonization task limited by stakeholder considerations *
b) The call of the globalised capital markets *
c) The CJEU and shareholder-value orientation *
d) The end result: the misfit of the EU company law and the shareholder
value orientation *
2.6.3 The EU need of sustainable companies *
3. Future developments: how can corporate law contribute to sustainable
development? The notion of 'sustainable company' *
3.1 Preliminary question: does corporate law matter for business
development? *
3.2 The pressing need for sustainable and all-inclusive business framework
*
3.3 The sphere of corporate influence *
3.4 Corporate Social Responsibility as a partial remedy *
3.4.1 The impact of CSR *
3.4.2 'Soft' and diversified approach to CSR *
3.4.3 From the regulation for business to the regulation of business *
3.5 The obsoleteness of the EU CSR and the topicality of the EU sustainable
company *
3.5.1 CSR 3.0: Sustainable Company and the EU Corporate Law *
3.5.2 The extension of the prisoner's dilemma: The Mutual Assured
Environmental Destruction Game *
3.5.3 The presence of EU's first-mover advantage: time to act! *
3.5.4 A centipede game of irrational behaviour? *
3.6 Corporate law re-clothed: suggestions for EU legislative changes *
4. The EU's competence for becoming global sustainability leader *
4.1 The existing possibilities for action under the EU corporate law
framework *
4.2 Treaty provisions imposing consideration of sustainability on EU bodies
*
4.2.1 EU competence and legal basis *
4.2.2 The substance of the EU regulatory action *
4.3 Embedding sustainability in EU corporate law framework *
4.4 Planned and existing EU instruments for furthering corporate
sustainability policy *
4.4.1 The Non-Financial Reporting Directive *
4.4.2 'The Experiment' and Example of Public Procurement Rules: EU leading
by example *
4.5 The EU Prospects *
5. Conclusions *
6. Bibliography *
Book *
Contribution *
Court Decision *
Internet Document *
Journal Article *
Report or Gray Literature *
Statute or Regulation *
Miscellaneous *
Index