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Introduction

Access_open Towards Responsible Business Conduct in Global Value Chains: Relevant Legal Developments in the Netherlands

Tijdschrift Erasmus Law Review, Aflevering 4 2019
Trefwoorden responsible business conduct, business and human rights, corporate social responsibility, sustainable development, the Netherlands
Auteurs Liesbeth Enneking en Jeroen Veldman
SamenvattingAuteursinformatie

    The past few decades have seen an increasing scrutiny of the impacts – both positive and negative – that companies have on the societies in which they operate. The search for adequate responses to such scrutiny is reflected in developments in the societal, political and academic debate on three separate but interrelated concepts: corporate social responsibility, business and human rights and responsible business conduct. The focus in this Special Issue will be on law and policy relating to responsible business conduct in global value chains. The contributions in this Special Issue identify relevant developments and institutions in the Netherlands, including rules and regulations related to trade, investment and corporate governance as well as cases related to corporate and consumer responsibilities, and assess their role in relation to the potential to provide a positive response to the concern about the human and environmental impacts of business activities. Together, they provide a multi-perspective view of relevant gaps and/or best practices with regard to regulatory governance in the Netherlands while at the same time enabling a comparative debate on the extent to which these diverse developments and institutions are in line with stated policy goals in this context both at national and EU levels. In doing so, this Special Issue aims to contribute to further coherence between national and EU policies with regard to RBC in global value chains and sustainable development.


Liesbeth Enneking
Liesbeth Enneking is Professor of Legal Aspects of International Corporate Social Responsibility at the Erasmus University in Rotterdam, the Netherlands.

Jeroen Veldman
Jeroen Veldman is Visiting Professor at the Interdisciplinary Institute for Innovation at Mines ParisTech in Paris, France and Honorary Senior Visiting Fellow at Cass Business School in London, UK.
Article

Access_open The Potential of the Dutch Corporate Governance Model for Sustainable Governance and Long Term Stakeholder Value

Tijdschrift Erasmus Law Review, Aflevering 4 2019
Trefwoorden corporate governance, company law, stakeholders, Dutch Corporate Governance Code, long-termism
Auteurs Manuel Lokin en Jeroen Veldman
SamenvattingAuteursinformatie

    This article addresses the question of how the Dutch regulatory and institutional setting enables policy coherence, specifically with regard to safeguarding stakeholders’ interests and promoting sustainable governance. To address this question, we engage with idiosyncratic theoretical notions in the Dutch corporate governance model. We follow the evolution of these notions in statutory company law and case law, their development in the Dutch Corporate Governance Code and their relation to the Enterprise Chamber as a unique institution. We establish how these theoretical views and practical institutions present significant means by which stakeholder concerns may be represented in the operation of company law and corporate governance more broadly and provide a number of ways in which these institutions and their operation can be further developed.


Manuel Lokin
Manuel Lokin is Professor of Company Law at the University of Utrecht and lawyer at Stibbe, Amsterdam.

Jeroen Veldman
Jeroen Veldman is Visiting Professor at the Interdisciplinary Institute for Innovation at Mines ParisTech in Paris, France and Honorary Senior Visiting Fellow at Cass Business School in London, UK.
Article

Access_open Towards Context-Specific Directors' Duties and Enforcement Mechanisms in the Banking Sector?

Tijdschrift Erasmus Law Review, Aflevering 2 2013
Trefwoorden banking sector, directors' duties, financial crisis, context-specific doctrines, public enforcement
Auteurs Wasima Khan LL.M.
SamenvattingAuteursinformatie

    The global financial crisis gives reason to revisit the debate on directors’ duties in corporate law, mainly with regard to the context of banks. This article explores the need, rationale and the potential for the introduction of context-specific directors’ duties and enforcement mechanisms in the banking sector in the Netherlands from a comparative perspective.
    Chiefly, two legal strategies can be derived from the post-crisis developments and calls for legal reforms for the need and rationale to sharpen directors’ duties in the context of the banking sector in order to meet societal demands. The two strategies consist in shifting the scope of directors’ duties (i) towards clients’ interests and (ii) towards the public interest.
    Subsequently, this article explores the potential for context-specific directors’ duties and accompanying enforcement mechanisms. Firstly, it is argued that the current legal framework allows for the judicial development -specific approach. Secondly, such context-specific directors’ duties should be enforced through public-enforcement mechanisms to enhance the accountability of bank directors towards the public interest but currently there are too much barriers for implementation in practice.
    In conclusion, this article argues that there is indeed a need, rationale and potential for context-specific directors’ duties; yet there are several major obstacles for the implementation of accompanying public-enforcement mechanisms. As a result, the introduction of context-specific directors’ duties in the banking sector may as yet entail nothing more than wishful thinking because it will merely end in toothless ambitions if the lack of accompanying enforcement mechanisms remains intact.


Wasima Khan LL.M.
PhD Candidate at the Erasmus School of Law, Erasmus University Rotterdam. The author wishes to express her gratitude for valuable comments on an earlier draft of this article from Prof. Vino Timmerman and Prof. Bastiaan F. Assink at the Erasmus School of Law, Erasmus University Rotterdam, as well as the Journal‘s editors and peer reviewers. Any errors remain those of the author.
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