Corporate Governance Facing Corporate Social Responsability: Solving Challenges in the 21st Century

Silesian Journal of Legal Studies, Vol 2, 2010

17 Pages Posted: 5 Mar 2014

See all articles by Elena F Pérez Carrillo

Elena F Pérez Carrillo

Facultad de Derecho de la Universidad de León; Universidade de Santiago de Compostela; Institut Für Finanzdienstleitungen et v; Fundación Mapfre

Francisco Hernandez

Universidade de Santiago de Compostela

Date Written: 2010

Abstract

Within the context of modern Corporate Governance and particularly in the aftermath of the financial scandals of the XXIst Century, companies, regulators, markets and the public in general claim for more transparency, accountability, shareholders and investor protection. There is also a trend towards reinforcing the Responsibility of Companies towards the Communities in which they develop their businesses. However, generally speaking shareholders do not have a direct control nor saying in management; and stakeholders possibility of influencing corporations’ decisions seems very rare. This article reviews some of the existing corporate cultural and legal systems and provides ideas for future development of corporate Governance in de field of Share- and Interest-Holders’ protection.

Keywords: Corporate Governance, Legal Systems, shareholders' protection, stakeholders

JEL Classification: L10, K22

Suggested Citation

Pérez Carrillo, Elena F and Hernandez, Francisco, Corporate Governance Facing Corporate Social Responsability: Solving Challenges in the 21st Century (2010). Silesian Journal of Legal Studies, Vol 2, 2010, Available at SSRN: https://ssrn.com/abstract=2364780

Elena F Pérez Carrillo (Contact Author)

Facultad de Derecho de la Universidad de León ( email )

Facultad Derecho-Campus Vegazana
León, 24071
Spain
609854166 (Phone)

HOME PAGE: http://blogs.unileon.es/mercantil/

Universidade de Santiago de Compostela ( email )

Av Romero Donallo, num 5, 5 F
Santiago de Compostela, 15706
Spain
609854166 (Phone)

Institut Für Finanzdienstleitungen et v ( email )

Grindelallee 100
Hamburg, 20146
Germany

Fundación Mapfre ( email )

Paseo de Recoletos, 23
Madrid, 28004
Spain

Francisco Hernandez

Universidade de Santiago de Compostela ( email )

Complejo Docente - Campus Universitario de Lugo
Lugo, A Coruña 15704
Spain

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