Transparence extra-financière : nouvel article
Bonjour à toutes et à tous, le chercheur Barnali Choudhury vient de publier sur SSRN un article portant sur la transparence extra-financière : « Social Disclosure » (Berkeley Business Law Journal, 2016, Vol. 13, No. 1, p. 185).
Globally, there is a growing interest in using disclosure rules in corporate and securities law to achieve social policy goals. The blending of corporate law with social issues is a transformation of disclosure obligations, which have traditionally focused on reducing information asymmetries and instilling confidence in the market. At the same time, the amalgamation of disclosure requirements with social goals signals a convergence of private and public goals. Private corporations are now being asked to take on a role in promoting social policies — a role traditionally allocated to governments.
Against this background, this article examines the utility of disclosure rules to promote social policies. The article finds that the role for public issues in the private area of corporate and securities law is limited, but concludes — from a comparative perspective — that disclosure rules which are narrow in scope and boast a high degree of specificity can be effective supplementary devices for curing corporate ills.
À la prochaine…
Ivan Tchotourian