Book contents
- Reviews
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- Copyright page
- Dedication
- Contents
- Contributors
- Forewords
- Preface
- Introduction
- Part I Global Business and Fragmented Regulation
- Part II Corporate Law, Financial Markets and Sustainability
- Part III Corporate Law, Corporate Governance and Sustainability: Case Studies
- 10 Progress Is Possible
- 11 Green but Not Enough
- 12 The Australian Paradox
- 13 Moving beyond Virtue Signalling
- 14 The EU as a Potential Norm Creator for Sustainable Corporate Groups
- 15 Market-Led Sustainability through Information Disclosure
- 16 Law, Culture and Sustainability
- 17 Stakeholder Value versus Corporate Sustainability
- 18 Worker Participation, Sustainability and the Puzzle of the Volkswagen Emissions Scandal
- 19 Corporate Sustainability and Shareholder Activism in the Netherlands
- 20 Old-Fashioned yet Innovative
- 21 The Unsuccessful Pursuit for Sustainability in Italian Business Law
- 22 Sustainability and the Transformation of the Socialist Corporation into the Private Corporation
- 23 Limited Demand, Limited Supply
- 24 The Pacific Alliance
- 25 Social Environmentalism and Corporate Capture
- 26 The Social and Ethics Committee
- 27 Reforming the Nigerian Oil and Gas Sector
- 28 Enlightenment or Resistance?
- 29 The Community Company as a Vehicle for Sustainability in Solomon Islands
- 30 What Does It Mean to Be Sustainable?
- 31 Shareholder Voting and Corporate Sustainability in China
- 32 Corporate Governance Reform, Social Norms and Sustainability in Japanese Companies
- 33 Achieving Sustainable Development Goals in India
- 34 Sustainability and Legislated Corporate Social Responsibility in Indonesia
- 35 Islamic Financial Institutions and Corporate Sustainability
- 36 Leaders or Laggards?
- Part IV Potential Drivers for Change
- Conclusion
- Index
29 - The Community Company as a Vehicle for Sustainability in Solomon Islands
Hopes, Challenges and Possibilities
from Part III - Corporate Law, Corporate Governance and Sustainability: Case Studies
Published online by Cambridge University Press: 25 November 2019
- Reviews
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
- Copyright page
- Dedication
- Contents
- Contributors
- Forewords
- Preface
- Introduction
- Part I Global Business and Fragmented Regulation
- Part II Corporate Law, Financial Markets and Sustainability
- Part III Corporate Law, Corporate Governance and Sustainability: Case Studies
- 10 Progress Is Possible
- 11 Green but Not Enough
- 12 The Australian Paradox
- 13 Moving beyond Virtue Signalling
- 14 The EU as a Potential Norm Creator for Sustainable Corporate Groups
- 15 Market-Led Sustainability through Information Disclosure
- 16 Law, Culture and Sustainability
- 17 Stakeholder Value versus Corporate Sustainability
- 18 Worker Participation, Sustainability and the Puzzle of the Volkswagen Emissions Scandal
- 19 Corporate Sustainability and Shareholder Activism in the Netherlands
- 20 Old-Fashioned yet Innovative
- 21 The Unsuccessful Pursuit for Sustainability in Italian Business Law
- 22 Sustainability and the Transformation of the Socialist Corporation into the Private Corporation
- 23 Limited Demand, Limited Supply
- 24 The Pacific Alliance
- 25 Social Environmentalism and Corporate Capture
- 26 The Social and Ethics Committee
- 27 Reforming the Nigerian Oil and Gas Sector
- 28 Enlightenment or Resistance?
- 29 The Community Company as a Vehicle for Sustainability in Solomon Islands
- 30 What Does It Mean to Be Sustainable?
- 31 Shareholder Voting and Corporate Sustainability in China
- 32 Corporate Governance Reform, Social Norms and Sustainability in Japanese Companies
- 33 Achieving Sustainable Development Goals in India
- 34 Sustainability and Legislated Corporate Social Responsibility in Indonesia
- 35 Islamic Financial Institutions and Corporate Sustainability
- 36 Leaders or Laggards?
- Part IV Potential Drivers for Change
- Conclusion
- Index
Summary
A community company, designed to look beyond profits and provide for community involvement in decision making, was introduced in Solomon Islands in 2010. This chapter assesses the extent to which business, social and customary norms have impacted the slow take up of this entity. Business interests, both domestic and foreign, show preference for the easily identifiable traditional corporate form, shying away from this innovative entity. Facilitating institutions such as banks and insurance companies are reluctant to deal with unfamiliar corporate structures, making it difficult for such entities to grow. Participation by community members reiterates social norms, leaving control in the hands of individuals with high status, which rarely challenges dominant understandings of development. This chapter explores ways to overcome the resistance to the community company and realise its potential for enabling sustainable development across the Pacific.
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- Publisher: Cambridge University PressPrint publication year: 2019