Sustainability and the Move from Corporate Governance to Governance through Contract

Jaakko Salminen

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Abstract

Corporate groups are giving way to contractually organized global value chains, and any effective approach to regulating sustainability must thus account for contractually organized production. This chapter outlines the move from corporate governance to governance through contract in organizing production and the general effects of this move on sustainability regulation, and presents one approach towards conceptualizing control in contractually organized value chains. It then discusses recent approaches related to private governance, private law liability, and public regulation that are aimed at developing sustainability in contractually organized global value chains.
Original languageEnglish
Title of host publicationThe Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
EditorsBeate Sjåfjell, Christopher M. Bruner
Number of pages14
Place of PublicationCambridge
PublisherCambridge University Press
Publication date2019
Pages57-70
Chapter5
ISBN (Print)9781108473293
ISBN (Electronic)9781108658386
DOIs
Publication statusPublished - 2019
Externally publishedYes

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