Protecting Long-Term Commitment: Legal and Organizational Means
Levillain, K., et al. 2018. Protecting long-term commitment: Legal and organizational means. In C. Driver & G. Thompson (Ed.), Corporate governance in contention: 42-65. Oxford: Oxford University Press.
31 Pages Posted: 4 Sep 2018
Date Written: January 1, 2018
The chapter is intended to examine the conditions for for-profit corporations to be able to acknowledge, and credibly embed in their purpose a fuller range of corporate constituencies, interests and time-horizons. We show that supporting a broader notion of purpose for the for-profit corporation requires new and innovative legal provisions, the need for which has, to date, been insufficiently theorized. Such legal provisions open a new theoretical debate, which we delineate in the discussion.
Keywords: corporate governance, social enterprise, long-term
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