Ways to re-found capitalism. Extended responsibility and specific remuneration for the shareholder control function.

Authors
  • DE LA BRUSLERIE Hubert
Publication date
2014
Publication type
Journal Article
Summary This article develops the idea that shareholder capitalism must recover some of its historical roots. This subject is approached through the legal analysis of the economy. The capital company, the legal instrument of capitalism, introduces a liability of shareholders limited to their contributions. This has the paradoxical consequence of encouraging a certain irresponsibility. The development of shareholder control groups is not a deviation but a fact of modern capitalism. We must take advantage of this to reorganize the system of responsibility by broadening it and by recognizing, for example, corporate social responsibility (CSR). Logically, it is proposed that a specific remuneration accompany the new responsibilities and risks assumed by some shareholders but not by all.
Publisher
Lavoisier
Topics of the publication
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