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Book Cover
E-book
Author Lim, Ernest, 1977- author.

Title Sustainability and corporate mechanisms in Asia / Ernest Lim, National University of Singapore
Published Cambridge, United Kingdom ; New York, NY, USA : Cambridge University Press, 2020
©2020

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Description 1 online resource (xix, 409 pages) : illustrations
Series International corporate law and financial market regulation
International corporate law and financial market regulation.
Contents Introduction and Overview -- Sustainability Reporting -- Board Gender Diversity -- Constituency Directors -- Stewardship Codes -- Directors' Duty to Act in the Best Interests of the Company Liability of Companies, Shareholders and Directors -- Conclusion
Summary "This is the first book to provide a comparative and critical analysis of why and how corporate governance and corporate law have been or can be used to promote and protect sustainability in the four common law jurisdictions in Asia, i.e. Singapore, Hong Kong, India and Malaysia. Based on theoretical, doctrinal and empirical research, I critically evaluate the rationales for, and effectiveness of, six corporate mechanisms, namely (1) sustainability reporting; (2) gender diversity on board of directors; (3) constituency directors; (4) stewardship codes; (5) directors' duty to act in the best interests of the company; and (6) liability on companies, shareholders and directors. These six corporate mechanisms provide an analytic framework for understanding the role of corporate governance and corporate law in advancing (or thwarting) sustainability in jurisdictions other than those discussed in this book. 21 These six mechanisms will be evaluated in light of the distinctive contexts in the four common law Asian jurisdictions, specifically their ownership structures and institutional environment. This is because the majority of the listed companies there are dominated by controlling shareholders, particularly the government1 in state-owned enterprises (SOEs), which wield significant and substantial power.2 The pursuit of socioeconomic agendas and social objectives by the government through SOEs has facilitated sustainability, and the government plays an important role in advancing this goal. However, the government as the controlling shareholder of the SOEs poses two key problems, namely, conflicts of interest between the government as the controlling shareholder and as the corporate regulator, as well as political interference and extractions of benefits of control by the government. These problems may affect the corporate mechanisms for promoting sustainability. In short, a central challenge is whether and if so how the corporate mechanisms should be reconceptualised to promote sustainability in an environment that is characterised by controlling shareholders, governmental interference or state ownership of companies"-- Provided by publisher
Bibliography Includes bibliographical references and index
Notes Description based on online resource; title from digital title page (viewed on April 30, 2020)
Subject Corporate governance -- Law and legislation -- China -- Hong Kong
Corporate governance -- Law and legislation -- India
Corporate governance -- Law and legislation -- Malaysia
Corporate governance -- Law and legislation -- Singapore
Corporate governance -- Law and legislation
China -- Hong Kong
India
Malaysia
Singapore
Form Electronic book
LC no. 2019053368
ISBN 9781108658508
1108658504