Better regulation of companies crucial

“The EU should reform European company law to ensure that businesses create profit in a way that is not based on destroying the environment or exploiting people,” says law professor and SMART project leader Beate Sjåfjell.

“Contrary to popular belief, maximising returns to shareholders is not a legal obligation. EU law must clarify that it is a requirement for companies to operate sustainably,” Sjåfjell said at a conference in Brussels on 24 January.

Published Mar. 8, 2019 3:08 PM - Last modified Mar. 8, 2019 3:27 PM