The concept of the stakeholder can be integrated into corporate law through a broad interpretation of the idea of the best interests of the corporation. In this paper, I address criticisms of the classic definition of the principal purpose of a firm. Even if U.S. law is less interventionist and...

This study seeks to improve our understanding of how business interests can influence the making of legislation in the specific sector of corporate law and corporate social responsibility (CSR). We want to make the public aware of the legal limits of CSR reporting flowing from the way companies...

The objective of this paper is to present and discuss the new French requirements related to socially responsible investment (SRI), and provide reflections on the potential and limits of regulating SRI. We summarize the consequences of new Monetary and Financial Code Article L. 533-22-1 and the...

In the French language, the word comptabiliteacute (accounting) first appeared in the middle of the eighteenth century. It was used in the Royal finances and its first meaning was that of accountability. Until the middle of the nineteenth century, or thereabouts, the uses of the word evolved...

Following Colbert's Ordonnance of 1673, most of whose provisions were reiterated in the Code de Commerce, 1807 and the Law of Bankruptcy, 1838, traders in France were under a legal obligation to keep accounts of their business activities. In the event of bankruptcy, traders were potentially...

While budgetary control is a potentially significant tool when the economic environment is unstable and unpredictable, the analysis of its development demonstrates that its use has dramatically expanded over the time since companies have been able to run forecasts. In order to help them develop...