1st Edition

The Enlightened Shareholder Value Principle and Corporate Governance

By Andrew Keay Copyright 2013
312 Pages
by Routledge

312 Pages
by Routledge

312 Pages
by Routledge

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... Read more

1. Introduction  2. The Theoretical Background  3. The Development of ESV  4. The Duty to Promote the Success of the Company : An Analysis of Section 172 of the Companies Act 2006  5. The Business Review: An Analysis of Section 417 of the Companies Act 2006  6. Constituency Statutes  7. An Evaluation of Enlightened Shareholder Value and its Impact  8. The Future  9. Epilogue

Biography

Andrew Keay is Professor of Corporate and Commercial Law at the University of Leeds. He is also a barrister-at-law at Kings Chambers. Andrew is a specialist in corporate law and insolvency law. He recently authored the influential book, The Corporate Objective (Edward Elgar, 2011).

"In sum, the book constitutes a distinctive and welcome contribution to the literature on the law of directors’ duties and corporate objectives. […] its lucid argument and clarity of expression nonetheless make it eminently suited to feature on the reading lists of company law and corporate governance courses." Daniel Attenborough, The Modern Law Review