The Corporation, Corporate Governance and the Sustainable Transition by Barnow, Tessa Tilde; Popp-Madsen, Benjamin Ask; Jessen, Mathias Hein;

Short description:

The Corporation, Corporate Governance and the Sustainable Transition is a compelling resource for understanding the pitfalls and potential of corporate power.

Long description:

As the main agents of economic growth world-wide, corporations embody a paradoxical role in our current social and political order. They are increasingly viewed as legitimate partners and subjects of global governance and the sustainable transition, but they are also routinely involved in scandals and crises both in relation to their financial power but also to the climate crisis.

Acknowledging corporations as both the (perceived) agents of sustainable growth and technological development favouring a sustainable transition, as well as of inequality, greenwashing, climate crisis and environmental disasters, this edited collection includes chapters that focus on the corporation as a specific form of business organization and the role of the corporation and corporate governance in the sustainable transition. It brings together innovative research that investigates ways of reforming corporate governance practices in the light of corporations’ responsibility for climate degradation; develops a deeper understanding of the specificity of the modern corporation, its legal claims to liability and personhood, and how that affects its role in the sustainable transition; and addresses the responsibility and accountability of corporations. How are corporations made accountable and responsible with regards to the sustainable transition? How is the corporation conceived as a subject, (un)accountable to its actions and (in)capable of enabling change?

Advancing a comprehensive research agenda that enhances the understanding of the pivotal and paradoxical role corporations and alternative models of corporate governance play in relation to climate change, The Corporation, Corporate Governance and the Sustainable Transition is a compelling resource for understanding the pitfalls and potential of corporate power.

Table of Contents:

Chapter 1. The corporation, corporate governance and the sustainable transition: Introduction; Tessa Tilde Barnow, Benjamin Ask Popp-Madsen, and Mathias Hein Jessen

Chapter 2. The corporation as a political battleground: The privatization and economization of the corporation; Benjamin Ask Popp-Madsen and Mathias Hein Jessen

Chapter 3. Stakeholder theory and stakeholder salience: The role of a hierarchical rights structure in company law; Jeroen Veldman

Chapter 4. Governing for social welfare: A corporate governance perspective; Tanusree Jain and Adrian Zicari

Chapter 5. From fiduciary duties to management standards: Rethinking the corporation for sustainability; Blanche Segrestin, Kevin Levillain, and Armand Hatchuel

Chapter 6. Enabling sustainable corporations? Conflating extraction with contribution in conceptualizations of sustainable investments in the European Union; Tessa Tilde Barnow

Chapter 7. Fossil governance: Oil companies, climate emergency, and the consequences of a complicit architecture of soft regulation; Yousaf Nishat-Botero and Hugh Willmott

Chapter 8. The sustainable corporation as a producer of public goods: Beyond the privatized justification of limited liability; Morten S. Thaning and Johan Gersel

Chapter 9. Concluding reflections: Creating a corporate governance architecture for the sustainable transition; Gerald F. Davis