Reevaluating Corporate Responsibility: The Key Role of Management Norms

Blanche Segrestin () and Armand Hatchuel ()
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Blanche Segrestin: CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique

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Abstract: The French law on the Duty of Vigilance ("devoir de vigilance" in French) was passed in 2017 and later inspired the European Corporate Sustainability Due Diligence Directive (CSDDD). The French Law introduced a fundamental shift in corporate law in order to hold companies accountable for their adverse human rights or environmental impacts. Indeed, it establishes their responsibility on an innovative basis which—though not entirely new—requires better conceptualization to fully realize its potential. In our view, the duty of vigilance establishes what we call a "management norm": managing a company cannot simply involve organizing an activity in pursuit of private interests alone. It requires the ability—and the responsibility—to organize a collective activity while managing the associated risks, particularly the risks of violating human rights.

Keywords: Due diligence; corporate responsibility; management norm; devoir de vigilance (search for similar items in EconPapers)
Date: 2024-12-10
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Published in 2024

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