Is governance democratic?

This paper argues that governance can engender undemocratic inequality, exclusion and populism. It does so by analysing the concept of governance, and unearthing three theoretical justifications for it: one libertarian, one radical and one republican. These justifications are in turn refuted by showing how they respectively undermine a process-view of democracy, neglect structural avenues for accountability and encourage elites to wield power.     

Transnational Corporations and Human Rights Duties: Perfect and Imperfect

This paper aims, firstly, to bridge debates on human rights and Transnational Corporations (TNCs) within practical philosophy and those within the business and human rights literature and, secondly, to determine the extent to which human rights duties can be assigned to TNCs. To justifiably assign human rights duties to TNCs, it is argued that these duties need to be grounded in moral theory. Through assessment of two approaches from practical philosophy, it is argued that positive duties cannot be assigned to TNCs because their bindingness cannot be grounded in moral theory. A positive argument is introduced to interpret TNCs’ human rights duties as corresponding to virtues rather than rights. Though such duties are indeterminate regarding what constitutes adequate performance, they can be made more determinate through legal instruments outside of positive human rights law. An approach is introduced exemplifying how such approaches can achieve the end of TNCs compliance with human rights norms.     

Independence and focus of Luxembourg UCITS fund boards

European Journal of Law and Economics - Investment funds are potentially plagued by principal-agent problems between investors and fund management companies, in particular with respect to fees....