ESG Integration in SOE Directors' Duties: Comparing Indonesian and Malaysian Corporate Law
ESG統合とSOE取締役の義務：インドネシアとマレーシアの会社法比較 (AI 翻訳)
Alia Imron
🤖 gxceed AI 要約
日本語
本稿は、インドネシアとマレーシアの国有企業（SOE）取締役の受託者義務へのESG統合を比較分析する。インドネシアでは硬直的な国家財産法理が持続可能な投資を阻害する一方、マレーシアは民事救済を用いる。著者は「ESG連動BJRセーフハーバー」を提案し、ESG遵守を取締役の誠実な判断の証拠として判例上認めるべきと結論付ける。
English
This article compares ESG integration into fiduciary duties of SOE directors in Indonesia and Malaysia. Indonesia's rigid state finance doctrine chills sustainable investments, while Malaysia treats failures via civil remedies. The study proposes an 'ESG-linked BJR Safe Harbor' to elevate ESG compliance as evidence of good faith, activating business judgment rule protections globally.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本のGX政策では、国有企業や上場企業の取締役にESG・気候リスクへの対応が求められる。本稿の「ESG連動BJRセーフハーバー」概念は、SSBJ開示義務と取締役の善管注意義務の調和に示唆を与える。
In the global GX context
The paper introduces a novel legal mechanism—ESG-linked BJR Safe Harbor—that could resolve tensions between ESG duties and director liability in global corporate governance. Relevant to jurisdictions like the EU (CSDDD), UK, and US where ESG mandates are expanding.
👥 読者別の含意
🔬研究者:Comparative corporate law scholars interested in ESG integration and fiduciary duties will find the jurisdictional analysis and safe harbor proposal valuable.
🏢実務担当者:Legal advisors and directors of SOEs can use the proposed safe harbor framework to navigate ESG-related decision-making risks.
🏛政策担当者:Regulators in countries with state-owned enterprises or ESG duty proposals should consider how to balance transition risks with director protections.
📄 Abstract（原文）
This article comparatively analyzes the integration of Environmental, Social, and Governance (ESG) mandates into the fiduciary duties of State-Owned Enterprise (SOE) directors in Indonesia and Government-Linked Companies (GLC) in Malaysia. Utilizing a normative doctrinal approach, this study addresses the systemic tension between ESG transition risks and directors' personal liability. In Indonesia, the rigid state finance doctrine often criminalizes SOE business losses, creating a chilling effect on sustainable investments. Conversely, Malaysia treats GLCs as private entities, evaluating failures through civil mechanisms unless decisions are "plainly wrong". To resolve these specific jurisdictional asymmetries, this research actively proposes the novel concept of an "ESG-linked BJR Safe Harbor". The study concludes that courts must definitively elevate ESG compliance from a mere administrative reporting obligation into a highly objective judicial standard, successfully validating it as material evidence of good faith to formally activate the Business Judgment Rule protections for corporate fiduciaries globally and domestically today.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.65101/cmk3qy89first seen 2026-06-04 05:11:48
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