Refraiming Corporate Purpose: A Historical Perspective
Abstract
This research examines the historical evolution of corporate purpose and the legal mechanisms affecting corporate charters. Drawing upon UK royal charters and utilizing textual analysis, the study reveals that corporate charters were issued to fulfill some public-oriented purpose. The analysis shows that such conception of corporate purpose was enforced. Employing the case study of the Massachusetts Bay Company, the research demonstrates that charter revocations historically stemmed from corporate activities exceeding specified purposes. Contrary to prevalent contemporary discourse emphasizing corporate purpose as a broad goal, this study highlights the importance of law in ensuring a commitment to a limited, well-defined corporate purpose. Ultimately, this research contributes to a nuanced understanding of corporate purpose, highlighting its historical roots and its implications for contemporary corporate governance and legal practices
About this workshop
The Political Economy + AI seminar is an online seminar focused on political economy research using AI and computational methods. We welcome work in progress and methods talks on these topics.
Formerly the Public Governance working group, the seminar is organized jointly by King's College London and Université Paris-Dauphine – PSL.
More information can be found on the website of the Political Economy + AI seminar.
Periodicity: Mondays from 17h30 to 18h30 (Paris time).