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Sowing Seeds of Change: Intergenerational Justice in Corporate Law and Governance

Accepted version
Peer-reviewed

Type

Article

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Authors

Cheong, Ben Chester  ORCID logo  https://orcid.org/0000-0002-1026-8292

Abstract

This paper argues for a fundamental reimagining of corporate law through the lens of intergenerational equity and justice, a perspective that has received scant attention in the literature on corporate governance. It exposes the inherent weaknesses of the existing framework in promoting intergenerational equity and proposes an innovative intergenerational corporate framework. The paper envisions a corporate landscape where the interests of future generations are central to decision-making, challenging the entrenched primacy of short-term shareholder interests. It acknowledges the difficulties in reshaping the current system but argues that such a radical shift is necessary to address pressing social and environmental challenges. By redefining corporate purpose and directors’ duties, this paper lays the groundwork for a more sustainable and equitable future.

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Keywords

Journal Title

Journal of Business Law

Conference Name

Journal ISSN

0021-9460
0021-9460

Volume Title

Publisher

Sweet and Maxwell

Publisher DOI

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