RESEARCH
Research in the relationship between politics and corporate law includes relevant and topical themes, including the politicization of the corporate environment, the relationship between the state and corporations, political institutional structures on corporate regulation (EU) and the relationship between industrial structures and corporate governance (Nordic CG Model).
Politics of Corporate Governance
There has been increasing pressure to hold corporations accountable for social and environmental aspects of the business enterprise - both by external interest groups and key stakeholders (including institutional shareholders). As the economic and political significance of corporations has increased, stakeholders pursue political agendas through the corporation using corporate governance mechanisms. ESG and the debate on corporate purpose can be best understood in terms of a political approach to corporate governance.
The State and the Corporation
The importance of private corporations for strategic state interests has increased with the changed geopolitical landscape. Where the role of governments was to facilitate international trade, business is now increasingly viewed through the prism of national strategic and security interests. At the same time, corporations have become (geo)political actors in their won right. We are witnessing a pivot from post Cold War neoliberalism and international free markets towards strategic capitalism.
EU Regulation
The significance of EU regulation has increased in the fields of corporate and securities regulation. The dynamics of EU regulation are different than those at the national level - which can be seen in the strong trend of corporate regulation focusing on the societal aspects of business enterprise, for example. Understanding the political dynamic of EU legislative processes, and of supranational regulatory systems in general, is more important then ever.
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Nordic Corporate Governance
There has been increasing interest in Nordic models of corporate governance - yet these models only reflect the political economy of their respective institutional environments characterized by applicable tax and political systems. A framework for a Nordic corporate governance index has been drawn up to reflect factors relevant in this environment.