The Nordic approach to corporate governance and ESG
Publikation: Bidrag til bog/antologi/rapport › Bidrag til bog/antologi › Forskning › fagfællebedømt
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The Nordic approach to corporate governance and ESG. / Hansen, Jesper Lau.
Research Handbook on Environmental, Social and Corporate Governance. red. / Thilo Kuntz. Edward Elgar Publishing, 2024. s. 397-420.Publikation: Bidrag til bog/antologi/rapport › Bidrag til bog/antologi › Forskning › fagfællebedømt
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TY - CHAP
T1 - The Nordic approach to corporate governance and ESG
AU - Hansen, Jesper Lau
PY - 2024
Y1 - 2024
N2 - Focusing on Denmark as an example of a Nordic country, the chapter argues that the Nordic corporate governance system has been entirely and consistently shareholder oriented, which is not irreconcilable with observing considerations related to stakeholders, ESG, and the environment. On the contrary, it is probably this feature that has made Nordic companies so efficient that many are world leaders within their industry, and so profitable that the Nordic countries have been able to finance their envious way of life and high environmental standing. In this contribution, the emphasis is on the G and less on the E and S that make up ESG because when analysing the decision-making of a company, governance (G) is arguably more important than decisions on how to deal with environmental (E) and social (S) matters, because governance is about the fundamental question of who makes those decisions.
AB - Focusing on Denmark as an example of a Nordic country, the chapter argues that the Nordic corporate governance system has been entirely and consistently shareholder oriented, which is not irreconcilable with observing considerations related to stakeholders, ESG, and the environment. On the contrary, it is probably this feature that has made Nordic companies so efficient that many are world leaders within their industry, and so profitable that the Nordic countries have been able to finance their envious way of life and high environmental standing. In this contribution, the emphasis is on the G and less on the E and S that make up ESG because when analysing the decision-making of a company, governance (G) is arguably more important than decisions on how to deal with environmental (E) and social (S) matters, because governance is about the fundamental question of who makes those decisions.
KW - Faculty of Law
KW - Selskabsret
KW - Company Law
KW - ESG
U2 - 10.4337/9781802202533.00031
DO - 10.4337/9781802202533.00031
M3 - Book chapter
SN - 9781802202526
SP - 397
EP - 420
BT - Research Handbook on Environmental, Social and Corporate Governance
A2 - Kuntz, Thilo
PB - Edward Elgar Publishing
ER -
ID: 395143216