Sustainable Companies through Enlightened Boards: Combining Private and Public Interest in the Decision-Making of Large Public Firms

Abstract

This article is centred on the proposal of a new institutional structure for board of directors of large public firms. The proposal is envisaged as an ex ante means to address problems of decision-making within corporations whose activities impact on a wider range of societal constituencies and pose issues of sustainability for society at large. The proposed structure aims at recalibrating boards' functions in light of more socially inclusive and sustainable goals