Japan Society for the Promotion of Science:Grants-in-Aid for Scientific Research Grant-in-Aid for Early-Career Scientists
Date (from‐to) : 2020/04 -2022/03
Author : Okuno Mayumi J.
With the rise of stakeholder capitalism in recent years, ESG and other sustainability issues have become increasingly important. Taking these domestic and international trends into consideration, we investigated and examined what a corporation is from the standpoint of comparative law in the U.K. and the U.S. regarding the role of the state and government, the role of private law, and the contribution of soft law.
The results indicated that although the company is a profit corporation, taking sustainability factors into account from a materiality perspective considering the internalisation of future risks also contributes to maximising market value. We pointed out that a company can mitigate conflicts of interest among shareholders and extract true maximisation of corporate value by fulfilling information disclosure and accountability and gaining the support and sympathy of institutional investors with the cooperation of outside directors.