Social Disclosure

34 Pages Posted: 11 May 2016 Last revised: 27 May 2016

See all articles by Barnali Choudhury

Barnali Choudhury

University College London - Faculty of Laws

Date Written: May 10, 2016

Abstract

Globally, there is a growing interest in using disclosure rules in corporate and securities law to achieve social policy goals. The blending of corporate law with social issues is a transformation of disclosure obligations, which have traditionally focused on reducing information asymmetries and instilling confidence in the market. At the same time, the amalgamation of disclosure requirements with social goals signals a convergence of private and public goals. Private corporations are now being asked to take on a role in promoting social policies — a role traditionally allocated to governments.

Against this background, this article examines the utility of disclosure rules to promote social policies. The article finds that the role for public issues in the private area of corporate and securities law is limited, but concludes — from a comparative perspective — that disclosure rules which are narrow in scope and boast a high degree of specificity can be effective supplementary devices for curing corporate ills.

Keywords: Comparative Corporate Law, Corporate Social Responsibility, Corporate Accountability, Disclosure, Human Rights, Non-Financial Disclosure

JEL Classification: K2, K22, M14

Suggested Citation

Choudhury, Barnali, Social Disclosure (May 10, 2016). Berkeley Business Law Journal, Vol. 13, No. 1, p. 185, 2016. Available at SSRN: https://ssrn.com/abstract=2778132

Barnali Choudhury (Contact Author)

University College London - Faculty of Laws ( email )

Bentham House, Endsleigh Gardens
London, WC1E OEG
United Kingdom

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