Protecting Long-Term Commitment: Legal and Organizational Means

Levillain, Kevin; Parker, Simon; Ridley-Duff, Rory Rory; Segrestin, Blanche; Veldman, Jeroen; Willmott, Hugh Christopher

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

See all articles by Kevin Levillain

Kevin Levillain

École Nationale Supérieure des Mines de Paris

Simon Parker

University of Nottingham

Rory Rory Ridley-Duff

Sheffield Hallam University - Faculty of Organisation and Management

Blanche Segrestin

École Nationale Supérieure des Mines de Paris - Centre de Gestion Scientifique (CGS)

Jeroen Veldman

Nyenrode Business university

Hugh Christopher Willmott

Cardiff Business School; City University London - The Business School

Date Written: January 1, 2018

Abstract

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

Suggested Citation: Suggested Citation

Levillain, Kevin and Parker, Simon and Ridley-Duff, Rory J. and Segrestin, Blanche and Veldman, Jeroen and Willmott, Hugh Christopher and Willmott, Hugh Christopher, Protecting Long-Term Commitment: Legal and Organizational Means (January 1, 2018). 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., Available at SSRN: https://ssrn.com/abstract=3237427