States are reluctant to intervene in today's capitalist markets. The reality of corporate failures, which do not only impact the company and its shareholders but negatively affect employees, local communities and other stakeholders make the call for more stringent regulation increasingly urgent. This article outlines the role that corporate governance plays in the regulatory framework of business organisations.
The case of ExxonMobil has been filling the news lately due to its role in acknowledgement of climate change litigation. The role of environmental protection is increasing and threatening irresponsibly-ran corporations. In this article, you will find both the overview of the case and the broader context of the area of law as a whole.