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Reconciling Shareholder Primacy and the Interests of People and Planet

Schilling De Carvalho, Pedro; Ferran, Eilis; (2025) Reconciling Shareholder Primacy and the Interests of People and Planet. The Law Quarterly Review (In press).

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Abstract

Lord Browne, the former CEO of BP, was recently quoted as saying that ‘The hard truth is that we’ve done a poor job of reconciling corporate actions with the interests of society and the planet in a balanced way. Yet the urgent need to do so is undiminished’.1 The starting premise of this article is that general company law duties of directors and sustainabilityrelated regulatory requirements can play a complementary role in accelerating the closer convergence between corporate actions and the interests of people and planet that Browne and others have called for. The article considers how regulatory initiatives that work within the existing pro-shareholder company law framework can contribute to achieving this objective. The article also reflects on how private and public enforcement can contribute to increasing such complementarity between regulatory requirements and company law.

Type: Article
Title: Reconciling Shareholder Primacy and the Interests of People and Planet
Publisher version: https://www.sweetandmaxwell.co.uk/Product/Academic...
Language: English
Additional information: This version is the author-accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of Laws
URI: https://discovery.ucl.ac.uk/id/eprint/10202994
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