I recently had the privilege of jotting on an insightful article written by friend-of-the-BLPB Kish Parella (Kishanthi Parella, Corporate Governance & International Law, 76 Ala. L. Rev. 417 (2024)). You can find the jot here. Read it for a summary of the article’s thesis and impact. But my bottom line is this:
Parella’s work is compelling at the current moment given U.S. and global uncertainties regarding judicial and governmental enforcement. In addition to the earlier mentioned tariff wars, armed conflicts between Russia and Ukraine and in Gaza represent potentially large destabilizing forces in international political and economic relations that may impact the existence or effectiveness of traditional adjudicative and regulatory enforcement. Parella’s work suggests that stakeholder governance may provide a pragmatic and valuable way forward to better ensure corporate compliance with international law and, as a result, transnational corporate financial and operational sustainability.
It is a good read, full of interesting and consequential observations relevant to business associations law and international law (which is an intersection that Kish’s work often explores).