Corporate Governance and Social Responsibility

Reading list might be subject to changes and/or updates in due course.

Introduction
The Business Roundtable, Statement on the Purpose of a Corporation, August, 2019
https://opportunity.businessroundtable.org/wp-content/uploads/2019/09/B

What is a corporation? The foundations of corporate law
Reiner Kraakman et al., The Anatomy of Corporate Law. A Comparative and Functional Approach, 3rd ed., Oxford University Press, 2017
Chapter 1: What Is Corporate Law?
or
J. Armour, H. Hansmann, R. Kraakman, Foundations of Corporate Law, January 2017
https://ssrn.com/abstract=2906054

Corporate law in action/1: Agency problems and legal strategies
Reiner Kraakman et al., The Anatomy of Corporate Law. A Comparative and Functional Approach, 3rd ed., Oxford University Press, 2017
Chapter 2: Agency Problems and Legal Strategies
or
J. Armour, H. Hansmann, R. Kraakman, Agency Problems, Legal Strategies, and Enforcement, 21 July 2009
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1436555

Corporate law in action/2: The interests of shareholders as a class
Reiner Kraakman et al., The Anatomy of Corporate Law. A Comparative and Functional Approach, 3rd ed., Oxford University Press, 2017
Chapter 3: The Basic Governance Structure: The Interests of Shareholders as A Class
or
J. Armour, L. Enriques, H. Hansmann, R. Kraakman, The Basic Governance Structure: The Interests of Shareholders as A Class, January 2017
http://ssrn.com/abstract_id=2901416

Corporate law in action/3: Minority shareholders and non-shareholders
Reiner Kraakman et al., The Anatomy of Corporate Law. A Comparative and Functional Approach, 3rd ed., Oxford University Press, 2017
Chapter 4: The Basic Governance Structure: Minority Shareholders and Non-Shareholder Constituencies

Corporate law in action/4: The protection of creditors
Reiner Kraakman et al., The Anatomy of Corporate Law. A Comparative and Functional Approach, 3rd ed., Oxford University Press, 2017
Chapter 5: The Basic Governance Structure: Transactions with Creditors

The theory of the corporation: the agency paradigm
Frank H. Easterbrook & Daniel R. Fischel, The Corporate Contract, 89 Columbia L. Rev. 1416 (1989)
http://chicagounbound.uchicago.edu/journal_articles/1164

The theory of the corporation: an alternative view
Francesco Denozza and Alessandra Stabilini, Principals vs Principals: The Twilight of the "Agency Theory", 3 The Italian Law Journal No. 2 (2017), 512
https://www.theitalianlawjournal.it/denozzastabilini/

CSR and the corporate interest debate/1: the shareholder value, and a critique
Michael C. Jensen, Value Maximization, Stakeholder Theory, and the Corporate Objective Function, Journal of Applied Corporate Finance, Fall 2001
http://papers.ssrn.com/abstract_id=220671
Ronald M. Green, Shareholders as Stakeholders: Changing Metaphors Of Corporate Governance, 50 Wash. & Lee L. Rev. 1409 (1993)
http://scholarlycommons.law.wlu.edu/wlulr/vol50/iss4/4

CSR and the corporate interest debate/2: the team production theory
Margaret M. Blair, Lynn A. Stout, A Team Production Theory of Corporate Law, 85 Va. L. Rev. 247 (1999)
http://papers.ssrn.com/abstract=425500

CSR in action: the EU, the OECD, the United Nations, and India
European Commission, A renewed strategy 2011-2014 for Corporate Social Responsability
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2011:0681:FIN

OECD Guidelines for Multinational Enterprises (esp. Part I)
http://mneguidelines.oecd.org/text/
UN Global Compact, The Ten Principles
https://www.unglobalcompact.org/AboutTheGC/TheTenPrinciples/index.html
United Nations Guiding Principles on Business and Human Rights

India's Companies Act 2013 - Sec. 135
http://www.mca.gov.in/Ministry/pdf/CompaniesAct2013.pdf

CSR: the voluntary vs mandatory debate
F. Denozza, A. Stabilini, The Shortcomings of Voluntary Conceptions of CSR, in Orizzonti del Diritto commerciale (on-line review), n. 1/2013
http://images.rivistaodc.eu/f/articoli/87_articolo_CpGl4_ORIZZONTI.pdf

From CSR to sustainability
https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/12548-Sustainable-corporate-governance_en

The benefit corporation/1 - The law
Model Benefit Corporation Legislation (April 2017)

The benefit corporation/2 - The debate
Janine S. Hiller, The Benefit Corporation and Corporate Social Responsibility, J Bus Ethics (2013) 118:287
See attachment in Ariel
Kent Greenfield, A Skeptic's View of Benefit Corporations, Boston College Law School Research Paper 367, August 4, 2015
http://ssrn.com/abstract=2639788

Stakeholder engagement and disclosure of non-financial information - Directive 2014/95/UE
DIRECTIVE 2014/95/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 22 October 2014 amending Directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups
https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32014L00
Communication from the Commission — Guidelines on non-financial reporting (methodology for reporting non-financial information)
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52017XC0705(01)
Communication from the Commission — Guidelines on non-financial reporting: Supplement on reporting climate-related information (methodology for reporting non-financial information)
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52019XC0620(01)
DIRECTIVE 2017/828 of the European Parliament and of the Council of 17 May 2017 amending Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement
https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX%3A32017L0828
Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU, as regards corporate sustainability reporting
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32022L2464