The author examines the history of Western capitalism and suggests that we are moving into an era of regulated capitalism. The change in company law philosophy towards social responsibility is discussed in relation to directors, shareholders, employees, and the public at large. The author concludes that the private sector of industry will be fully maintained although under the auspices of social responsibility and regulation by the state.
Clive M. Schmitthoff,
Social Responsibility in European Company Law,
30 Hastings L.J. 1419
Available at: https://repository.uchastings.edu/hastings_law_journal/vol30/iss5/10