Sustainable Companies: Barriers and Possibilities in UK Company Law

International and Comparative Corporate Law Journal, Volume 11, 2015, Issue 1

University of Oslo Faculty of Law Research Paper No. 2010-03

71 Pages Posted: 23 Nov 2010 Last revised: 15 Aug 2016

Date Written: November 21, 2010

Abstract

The UK government has frequently expressed its commitment to sustainable development and is party to numerous agreements on sustainability. However, the UK has a long way to go in order to achieve sustainable development goals. This paper will provide a brief overview of the meaning of sustainability and of the UK government’s approach to sustainable development. The paper will explore the outcome of the Company Law Review that culminated with the Companies Act 2006 and that resulted in the adoption of an enlightened shareholder value principle. I argue that the UK’s current corporate law system does not provide a supportive framework for the sustainability campaign. Such goals may have to be initiated and pushed through at EU or international level to lead to any positive developments within the UK.

Keywords: sustainability, UK company law, enlightened shareholder value

Suggested Citation

Villiers, Charlotte Louise, Sustainable Companies: Barriers and Possibilities in UK Company Law (November 21, 2010). International and Comparative Corporate Law Journal, Volume 11, 2015, Issue 1; University of Oslo Faculty of Law Research Paper No. 2010-03. Available at SSRN: https://ssrn.com/abstract=1712791

Charlotte Louise Villiers (Contact Author)

University of Bristol ( email )

University of Bristol,
Senate House, Tyndall Avenue
Bristol, BS8 ITH
United Kingdom

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