Tackling vulnerabilities through corporate duties

Zhao, J. ORCID: 0000-0001-6430-2356, 2024. Tackling vulnerabilities through corporate duties. Catholic University Law Review, 73 (1), pp. 121-153. ISSN 1530-6119

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In this article, and drawing on the work of Fineman and others, we use a vulnerability lens as a device to emphasise the protection that could be offered to vulnerable parties in corporations through directors’ duties. By situating corporations in the vulnerability paradigm, we will discuss the limitations of formal equality and clarify the role played by corporate law. In a progressive manner, vulnerability theory mediates conflicts between calls for “regulatory state policies” and “individual responsibility” to supervise and monitor corporate actions by improving resilience in four kinds and two stages. We observe that vulnerability is universal in corporations, but priority should be given to the vulnerable parties with the highest dependency, whose identity varies depending on both internal and external contexts. The vulnerability paradigm, assisted by Goodin’s analysis of protecting the vulnerable, lays a solid theoretical base to explain directors’ duties towards vulnerable parties within the vulnerability matrix.

Item Type: Journal article
Publication Title: Catholic University Law Review
Creators: Zhao, J.
Publisher: Columbus School of Law, Catholic University of America
Date: 2024
Volume: 73
Number: 1
ISSN: 1530-6119
Divisions: Schools > Nottingham Law School
Record created by: Laura Ward
Date Added: 07 May 2024 14:45
Last Modified: 07 May 2024 14:45
URI: https://irep.ntu.ac.uk/id/eprint/51398

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