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
- 2 Trade, Investment and Corporate Sustainability
- 3 Extraterritorial Attempts at Addressing Challenges to Corporate Sustainability
- 4 Defragmenting Transnational Business Responsibility
- 5 Sustainability and the Move from Corporate Governance to Governance through Contract
- Part II Corporate Law, Financial Markets and Sustainability
- Part III Corporate Law, Corporate Governance and Sustainability: Case Studies
- Part IV Potential Drivers for Change
- Conclusion
- Index
3 - Extraterritorial Attempts at Addressing Challenges to Corporate Sustainability
from Part I - Global Business and Fragmented Regulation
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
- 2 Trade, Investment and Corporate Sustainability
- 3 Extraterritorial Attempts at Addressing Challenges to Corporate Sustainability
- 4 Defragmenting Transnational Business Responsibility
- 5 Sustainability and the Move from Corporate Governance to Governance through Contract
- Part II Corporate Law, Financial Markets and Sustainability
- Part III Corporate Law, Corporate Governance and Sustainability: Case Studies
- Part IV Potential Drivers for Change
- Conclusion
- Index
Summary
Multinational enterprises operate in an increasingly international environment and their operations are subject to a variety of rules from both hard and soft law. They take advantage of weak accountability systems and poor law enforcement in developing countries, necessitating a better understanding of the most appropriate hard-law approach to regulate them and address business sustainability challenges. Despite the division between the hard and soft legislative approaches used to address extraterritorial challenges, current efforts have been criticised primarily regarding their impact and enforceability. This chapter explores possible approaches for better extraterritorial regulation of corporate sustainability, including more detailed and extended directorial duties, together with enforcement measures driven by the state. Such efforts may direct board members’ attitudes towards more active involvement with extraterritorial corporate sustainability challenges.
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- Publisher: Cambridge University PressPrint publication year: 2019
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