Title: The Impact of Environmental Law on Corporate Governance: International and Comparative Perspectives
Abstract: This article examines whether internationally agreed environmental principles and nationally applicable environmental liability regimes justify progressive change within corporate governance law. In other words, has environmental protection transcended its current place in the external legal framework governing the way companies behave to play a role within the internal regulation of the way companies are run? International trends in corporate environmental liability and environmental management systems are discussed to determine whether environmental considerations should now play a corporate governance role. Justification for the inclusion of environmental considerations is examined within the context of alternative corporate governance theories and their practical implications for company directors.