Disclosure and engagement: stakeholder participation mechanisms

Esser, I.-M. and MacNeil, I. (2019) Disclosure and engagement: stakeholder participation mechanisms. European Business Law Review, 30(2), pp. 201-221.

166091.pdf - Accepted Version


Publisher's URL: http://www.kluwerlawonline.com/abstract.php?area=Journals&id=EULR2019009


Over the past years, voluntary self-regulatory instruments like the United Nations Global Compact and the Global Reporting Initiative have become important vehicles through which companies demonstrate their commitment to a more sustainable future, including adherence to environmental and social rules. In the UK, disclosure requirements of companies are to be found in company law and securities law and have recently been increased through the introduction of the strategic report. According to the amended CA 2006, the directors of a company must prepare a strategic report for each financial year of the company. The aim of the strategic report is to provide details on how s. 172 CA 2006 has been applied and how stakeholder interests have been integrated into board decision-making and the activity of companies. The question that this article will address is whether or not, with high levels of disclosure, additional reform is needed, by way of legislative amendments or soft law that will increase stakeholder participation resulting in an engaged stakeholder base during board decision-making.

Item Type:Articles
Glasgow Author(s) Enlighten ID:Esser, Professor Irene-Marie and MacNeil, Professor Iain
Authors: Esser, I.-M., and MacNeil, I.
College/School:College of Social Sciences > School of Law
Journal Name:European Business Law Review
Publisher:Kluwer Law International
ISSN (Online):0959-6941
Copyright Holders:Copyright © 2019 Kluwer Law International
First Published:First published in European Business Law Review 30(2):201-221
Publisher Policy:Reproduced in accordance with the copyright policy of the publisher

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