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Beate Sjafjell 12122019 cg helsinki

The 24th European Corporate Governance Conference: Company Law and Climate Change?
Securing the future of European business: the role of company law and corporate governance, by Beate Sjåfjell, Professor, Dr. Juris, Faculty of Law, University of Oslo, SMART-project

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Beate Sjafjell 12122019 cg helsinki

  1. 1. Securing the future of European business The role of company law and corporate governance Beate Sjåfjell, University of Oslo @UniOsloSMART #SMARTproject Sustainable Market Actors for Responsible Trade (SMART)
  2. 2. Photo: Michael Held
  3. 3. Credit: J. Lokrantz/Azote based on Steffen et al. 2015.
  4. 4. Source: Raworth 2017; Leach, Raworth & Rockström 2013
  5. 5. Shareholder Primacy: The Main Barrier to Sustainable Companies Sjåfjell, Johnston, Anker-Sørensen & Millon Chapter downloadable at SSRN:
  6. 6. Obstacles to Global Sustainable Business Sjåfjell, Mähönen, Johnston & Cullen Report downloadable at SSRN:
  7. 7. Cambridge Handbook of Corporate Law, Corporate Governance & Sustainability Sjåfjell & Bruner (eds). Our introductory chapter is downloadable from SSRN:
  8. 8. Company law must take back the power of defining… • The purpose of the company • The duties of the board • And what counts
  9. 9. Redefining the purpose The purpose of the undertaking is to create sustainable value within planetary boundaries, balancing the interests of its investors and other involved and affected parties
  10. 10. Photos from Unsplash
  11. 11. Redefining the duties of the board • Commit: to the overarching purpose • Integrate: throughout the business • Assurance: of systems and processes
  12. 12. Sustainability is possible, with legislative reform supporting the transition We welcome your input to our SMART reform proposals: @BeateSjafjell @UniOsloSMART #SMARTproject SMART is funded by the European Union under the Horizon 2020 programme, grant agreement 693642. The contents of this presentation are the sole responsibility of the SMART project and do not necessarily reflect the views of the European Union.