Board Decision-Making and Stakeholder Protection

Authors

Snehita Singh Dr., Professor of Corporate Law and Governance at the University of Glasgow and Extraordinary Professor at Stellenbosch UniversityFollow
Irene-marie Esser Dr., Irene-marié Esser is a Professor of Corporate Law and Governance and Dean of the Graduate School, College of Social Sciences and Extraordinary Professor at Stellenbosch University.Follow
Iain MacNeil Dr., Iain MacNeil joined the School of Law in 2003 and was appointed to the Alexander Stone Chair of Commercial Law in 2005. Iain served as Head of School from 2015-2019 and is now Head of the Corporate & Financial Law Research Group.Follow

Abstract

The article deals with CSR regulation from a company law perspective. It considers mechanisms for better protection of stakeholder interests in the context of both hard and soft law, by evaluating the extant frameworks in the UK and India. The lack of proper consideration of stakeholder interests in companies’ decision-making processes emphasises the need to secure accountability for stakeholders. Unequal access to information and a lack of mechanisms for participation in board decision-making means that stakeholders do not have the same opportunity as shareholders to influence board decisions. Therefore, the principal question is how to regulate CSR to protect stakeholder interests and compel companies to behave ethically and responsibly.

Recommended Citation

Singh, Snehita Dr.; Esser, Irene-marie Dr.; and MacNeil, Iain Dr. (2023) "Board Decision-Making and Stakeholder Protection," National Law School Business Law Review: Vol. 9: Iss. 2, Article 3.
Available at: https://repository.nls.ac.in/nlsblr/vol9/iss2/3