To promote fair and sustainable capitalism and help business and labor work together to build an American economy that works for all, this paper presents a comprehensive proposal to reform the American corporate governance system by aligning the incentives of those who control large U.S....

Firms' Corporate Social Responsibility (CSR) activity has become the subject of a large literature in recent years. This paper analyzes CSR activity using quasi-experimental variation created by Section 135 of India's Companies Act of 2013, which requires (on a "comply-or-explain" basis) that...

Trustees of pensions, charities, and personal trusts invest tens of trillions of dollars of other people's money subject to a sacred trust known in the law as fiduciary duty. Recently, these trustees have come under increasing pressure to use environmental, social, and governance (ESG) factors...

As part of economic growth and development, it has been necessary to analyze, in a broad and general manner, the most relevant, recent and complex aspects of Corporate Social Responsibility affecting shareholders. With reference to the above, the article attempts to answer the question, “How...

With ESG and conscious capitalism dominating boardroom conversations across America, Delaware’s adoption of the Public Benefit Corporation (PBC) has been a recent attempt to support this movement by offering a new form of corporate governance that seeks to create a positive impact on society...

We present evidence on the way personal and institutional factors could together guide public company directors in decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors originating from over fifty countries and serving in firms from...

In 2019, the CEO and chairperson of BlackRock, the world's largest asset manager, called for corporate leaders to embrace corporate purpose and create value for stakeholders, and 181 CEOs of the Business Roundtable committed to lead their companies for the benefit of all...

Much has been said about the shareholders' interests in organization they invest, with focus on the wealth maximization and directors' remuneration that continues to rise faster than the shareholders' values. Traditionally, investors are inclined to invest in organizations that project viability...

This article examines recent developments in company law surrounding corporate social responsibility (CSR). The focus is on the recognition of stakeholder interests and the role of contemporary community expectations in director decision making. The author provides judicial evidence regarding...

For decades, reporting requirements for companies – corporate reporting – aimed to provide users of corporate reports with relevant information when making decisions about investing in or contracting with these companies. However, in recent years, the focus on reporting requirements...