The community company as a vehicle for sustainability in Solomon Islands: hopes, challenges and possibilities

Vijaya Nagarajan, Terry Reid

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

A community company, designed to look beyond profits and provide for community involvement in decision making, was introduced in Solomon Islands in 2010. This chapter assesses the extent to which business, social and customary norms have impacted the slow take up of this entity. Business interests, both domestic and foreign, show preference for the easily identifiable traditional corporate form, shying away from this innovative entity. Facilitating institutions such as banks and insurance companies are reluctant to deal with unfamiliar corporate structures, making it difficult for such entities to grow. Participation by community members reiterates social norms, leaving control in the hands of individuals with high status, which rarely challenges dominant understandings of development. This chapter explores ways to overcome the resistance to the community company and realise its potential for enabling sustainable development across the Pacific.

Original languageEnglish
Title of host publicationThe Cambridge handbook of corporate law, corporate governance and sustainability
EditorsBeate Sjåfjell, Christopher M. Bruner
Place of PublicationCambridge, UK
PublisherCambridge University Press
Chapter29
Pages402-415
Number of pages14
ISBN (Electronic)9781108658386
ISBN (Print)9781108473293
DOIs
Publication statusPublished - 2020

Keywords

  • sustainability
  • Corporate Governance
  • Pacific island countries
  • legal transfer

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