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The (Indigenous) Case for Shareholder Primacy and its Role in Climate Justice

Harvard law review, 2021-04, Vol.134 (6), p.340 [Peer Reviewed Journal]

Copyright Harvard Law Review Association Apr 2021 ;ISSN: 0017-811X ;EISSN: 2161-976X

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  • Title:
    The (Indigenous) Case for Shareholder Primacy and its Role in Climate Justice
  • Author: Fredericks, Carla F
  • Subjects: Business ; Climate change ; Companies ; Corporations ; Disclosure ; Environmental justice ; Equality ; Extraction ; Indigenous peoples ; Minerals ; Primacy ; Racial equality ; Social justice ; Stockholders
  • Is Part Of: Harvard law review, 2021-04, Vol.134 (6), p.340
  • Description: It is absolutely true that people are no longer living in the world of Friedman and must recognize that corporations cannot be motivated solely by profit. And yet, it is difficult not to be cynical about Business Roundtable's announcement. Despite this supposedly monumental shift in the alignment of priorities, Business Roundtable has continued to assert, for example, that companies should not be held to a higher standard of disclosure than currently required by law, and that basic Dodd-Frank reporting requirements like CEO pay, resource extraction, and use of conflict minerals should not be considered material to stockholders. Many of these companies also continue to accelerate the rate of climate change and infringe the rights and territories of Indigenous Peoples. These policies are plainly incongruous with twenty-first-century corporate obligations, including considerations of community, climate justice, and racial equality.
  • Publisher: Cambridge: Harvard Law Review Association
  • Language: English
  • Identifier: ISSN: 0017-811X
    EISSN: 2161-976X
  • Source: Alma/SFX Local Collection
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