Book contents
- Reviews
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- Copyright page
- Dedication
- Contents
- Contributors
- Forewords
- Preface
- Introduction
- Part I Global Business and Fragmented Regulation
- Part II Corporate Law, Financial Markets and Sustainability
- Part III Corporate Law, Corporate Governance and Sustainability: Case Studies
- 10 Progress Is Possible
- 11 Green but Not Enough
- 12 The Australian Paradox
- 13 Moving beyond Virtue Signalling
- 14 The EU as a Potential Norm Creator for Sustainable Corporate Groups
- 15 Market-Led Sustainability through Information Disclosure
- 16 Law, Culture and Sustainability
- 17 Stakeholder Value versus Corporate Sustainability
- 18 Worker Participation, Sustainability and the Puzzle of the Volkswagen Emissions Scandal
- 19 Corporate Sustainability and Shareholder Activism in the Netherlands
- 20 Old-Fashioned yet Innovative
- 21 The Unsuccessful Pursuit for Sustainability in Italian Business Law
- 22 Sustainability and the Transformation of the Socialist Corporation into the Private Corporation
- 23 Limited Demand, Limited Supply
- 24 The Pacific Alliance
- 25 Social Environmentalism and Corporate Capture
- 26 The Social and Ethics Committee
- 27 Reforming the Nigerian Oil and Gas Sector
- 28 Enlightenment or Resistance?
- 29 The Community Company as a Vehicle for Sustainability in Solomon Islands
- 30 What Does It Mean to Be Sustainable?
- 31 Shareholder Voting and Corporate Sustainability in China
- 32 Corporate Governance Reform, Social Norms and Sustainability in Japanese Companies
- 33 Achieving Sustainable Development Goals in India
- 34 Sustainability and Legislated Corporate Social Responsibility in Indonesia
- 35 Islamic Financial Institutions and Corporate Sustainability
- 36 Leaders or Laggards?
- Part IV Potential Drivers for Change
- Conclusion
- Index
22 - Sustainability and the Transformation of the Socialist Corporation into the Private Corporation
Three Lost Decades?
from Part III - Corporate Law, Corporate Governance and Sustainability: Case Studies
Published online by Cambridge University Press: 25 November 2019
- Reviews
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- Copyright page
- Dedication
- Contents
- Contributors
- Forewords
- Preface
- Introduction
- Part I Global Business and Fragmented Regulation
- Part II Corporate Law, Financial Markets and Sustainability
- Part III Corporate Law, Corporate Governance and Sustainability: Case Studies
- 10 Progress Is Possible
- 11 Green but Not Enough
- 12 The Australian Paradox
- 13 Moving beyond Virtue Signalling
- 14 The EU as a Potential Norm Creator for Sustainable Corporate Groups
- 15 Market-Led Sustainability through Information Disclosure
- 16 Law, Culture and Sustainability
- 17 Stakeholder Value versus Corporate Sustainability
- 18 Worker Participation, Sustainability and the Puzzle of the Volkswagen Emissions Scandal
- 19 Corporate Sustainability and Shareholder Activism in the Netherlands
- 20 Old-Fashioned yet Innovative
- 21 The Unsuccessful Pursuit for Sustainability in Italian Business Law
- 22 Sustainability and the Transformation of the Socialist Corporation into the Private Corporation
- 23 Limited Demand, Limited Supply
- 24 The Pacific Alliance
- 25 Social Environmentalism and Corporate Capture
- 26 The Social and Ethics Committee
- 27 Reforming the Nigerian Oil and Gas Sector
- 28 Enlightenment or Resistance?
- 29 The Community Company as a Vehicle for Sustainability in Solomon Islands
- 30 What Does It Mean to Be Sustainable?
- 31 Shareholder Voting and Corporate Sustainability in China
- 32 Corporate Governance Reform, Social Norms and Sustainability in Japanese Companies
- 33 Achieving Sustainable Development Goals in India
- 34 Sustainability and Legislated Corporate Social Responsibility in Indonesia
- 35 Islamic Financial Institutions and Corporate Sustainability
- 36 Leaders or Laggards?
- Part IV Potential Drivers for Change
- Conclusion
- Index
Summary
This chapter provides an analysis of the transformation of the corporate landscape in Central Eastern Europe after 1989, by reference to the sustainable development goals. The argument is that the neoliberal prescriptions to transform the socialist corporate landscape were so antithetical to sustainability goals that the corporations resulting from that transformation have actually pushed the reach of sustainability goals further away. The corporations resulting from the transformation will not pursue any sustainability goals without tremendous international pressure, as national corporate cultures and social realities developed during this transformation hinder the pursuit of sustainable development.
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- Publisher: Cambridge University PressPrint publication year: 2019