The theoretical background -- The development of ESV -- The duty to promote the success of the company : an analysis of section 172 of the Companies Act 2006 -- The business review : an analysis of section 417 of the Companies Act 2006 -- Constituency statutes -- An evaluation of enlightened shareholder value and its impact -- The future -- Epilogue
Summary
The enlightened shareholder value principle (ESV) was formulated during the comprehensive review of UK company law by the Company Law Steering Group in the late 1990s and early 2000's and requires directors of companies to act in the collective best interests of shareholders. The principle was taken up by the then UK Government and is now embedded in the Companies Act 2006. The emergence of the principle constitutes an important development in corporate governance, particularly in determining what directors must consider when managing the affairs of their companies. This book explains and analy
