- Collection:
- Georgia Law Review
- Title:
- What Do We Know About Shareholders' Potential to Solve Environmental and Social Problems?
- Creator:
- Tingle, Bryce C
- Date of Original:
- 2023-11-17
- Subject:
- University of Georgia. School of Law
Law--Study and teaching
Georgia Law Review Association - Location:
- United States, Georgia, Clarke County, Athens, 33.96095, -83.37794
- Medium:
- articles
- Type:
- Text
- Format:
- application/pdf
- Description:
- Securities regulators around the world are attempting to assist socially conscious shareholders in driving changes in the way corporate America operates. At a time when legislative solutions to some of our most pressing social and environmental problems seem far away, many market actors have come to hope that shareholders can succeed in regulating and reforming corporate practices. This paper summarizes the empirical evidence regarding the behavior of shareholders with explicit ESG mandates, the difficulties outsiders experience in evaluating ESG performance, and the outcomes generated by the limited tools available to shareholders under corporate law. It concludes there is little evidence that material improvements in environmental and social outcomes will be produced through shareholder power. The energy and resources of reformers would be better deployed somewhere other than corporate governance
shareholders -- ESG -- environmental -- social -- governance -- corporations -- divestment -- incentives -- stewardship -- blackrock -- morningstar -- rating -- positive screening -- negative screening -- Law - External Identifiers:
- Metadata URL:
- https://digitalcommons.law.uga.edu/glr/vol58/iss1/5
- Holding Institution:
- Alexander Campbell King Law Library
- Rights:
-
