Scopo della società per azioni e interessi degli stakeholders nelle proposte di direttive euro-unitarie: i limiti all’internalizzazione del ‘bene comune’

Eugenio Barcellona

doi:10.3280/DC2023-003007

Joint-stock company purpose and stakeholder interests in pro-posed EU directives: limits of internalization of the ‘common good’.

Journal title DIRITTO COSTITUZIONALE
Author/s Eugenio Barcellona
Publishing Year 2023 Issue 2023/3
Language Italian Pages 44 P. 123-166 File size 314 KB
DOI 10.3280/DC2023-003007
DOI is like a bar code for intellectual property: to have more infomation click here

Below, you can see the article first page

If you want to buy this article in PDF format, you can do it, following the instructions to buy download credits

FrancoAngeli is member of Publishers International Linking Association, Inc (PILA), a not-for-profit association which run the CrossRef service enabling links to and from online scholarly content.

The traditional debate concerning the purpose of joint-stock companies (contractualism versus institutionalism) has gained new life due to EU directives, some already approved (in the field of non-financial reporting), others under discussion (in the field of sustainable corporate governance). The contrast is now given between shareholderist and stakeholderist positions, which assume, in a variety of tones, that the interests of non-shareholders should also be taken as a criterion of managerial conduct in the name of a new ‘sustainable capitalism’. While such stakeholderist positions seem to testify to a certain crisis of the ‘imperative norm’ and, in turn, of ‘sovereignty’, the essay seeks above all to highlight the contradictions that would result from the establishment of an axiological equivalence between the (‘proprietary’) purpose of ‘profit’ and the (‘non-proprietary’) purpose of the ‘common good’.

Keywords: Purpose of the joint-stock company, Shareholderism, Stakeholderism, Sustainable corporate governance, Crisis of the imperative norm, crisis of sovereignty, state and market.

Empresa, sostenibilidad medioambiental e inteligencia artificial: consideraciones a la luz de la nueva Corporate Sustainability Due Diligence Directive Emanuele Ferraro, in Actualidad Jurídica Ambiental /2025 pp.1
DOI: 10.56398/ajacieda.00405

Eugenio Barcellona, Scopo della società per azioni e interessi degli stakeholders nelle proposte di direttive euro-unitarie: i limiti all’internalizzazione del ‘bene comune’ in "DIRITTO COSTITUZIONALE" 3/2023, pp 123-166, DOI: 10.3280/DC2023-003007