The Community Company As a Vehicle for Sustainability in Solomon Islands: Hopes, Challenges and Possibilities

In Beate Sjåfjell and Christopher M. Bruner (eds), Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability (Cambridge University Press, Forthcoming).

University of Oslo Faculty of Law Research Paper No. 2019-33

Posted: 8 May 2019 Last revised: 10 May 2019

Date Written: May 6, 2019

Abstract

A community company, designed to look beyond profits and provide for community involvement in decision making, was introduced in Solomon Islands in 2010. This chapter assesses the extent to which business, social and customary norms have impacted the slow take up of this entity. Business interests, both domestic and foreign, show preference for the easily identifiable traditional corporate form, shying away from this innovative entity. Facilitating institutions such as banks and insurance companies are reluctant to deal with unfamiliar corporate structures, making it difficult for such entities to grow. Participation by community members reiterates social norms, leaving control in the hands of individuals with high status, which rarely challenges dominant understandings of development. This chapter explores ways to overcome the resistance to the community company and realise its potential for enabling sustainable development across the Pacific.

Keywords: community company, custom, legal transplant, multilateral banks, Pacific islands

Suggested Citation

Nagarajan, Vijaya and Reid, Terry, The Community Company As a Vehicle for Sustainability in Solomon Islands: Hopes, Challenges and Possibilities (May 6, 2019). In Beate Sjåfjell and Christopher M. Bruner (eds), Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability (Cambridge University Press, Forthcoming). ; University of Oslo Faculty of Law Research Paper No. 2019-33. Available at SSRN: https://ssrn.com/abstract=3383503

Vijaya Nagarajan (Contact Author)

Macquarie Law School ( email )

NSW 2109
Australia

Terry Reid

Independent ( email )

No Address Available

Register to save articles to
your library

Register

Paper statistics

Abstract Views
71
PlumX Metrics