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Reevaluating Corporate Responsibility: The Key Role of Management Norms

Author

Listed:
  • 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)

  • Armand Hatchuel

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.

Suggested Citation

  • Blanche Segrestin & Armand Hatchuel, 2024. "Reevaluating Corporate Responsibility: The Key Role of Management Norms," Post-Print hal-04979197, HAL.
    • Handle: RePEc:hal:journl:hal-04979197
    Note: View the original document on HAL open archive server: https://hal.science/hal-04979197v1
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