The book explains and assesses the nature of enlightened shareholder value principle (ESV) and its contribution to corporate governance. Andrew Keay traces the development of the principle of ESV and examines it in the context of existing principles which have influenced corporate governance....

1. Introduction -- 2. What is accountability? -- 3. Why do we need accountability? -- 4. To whom is the board accountable? -- 5. The objectives of accountability -- 6. For what are boards to account? -- 7. Accountibility mechanisms -- 8. Accountability : limits, obstacles and drawbacks -- 9....

1. Introduction and background -- 2. The theoretical background -- 3. The development of the enlightened shareholder value principle -- 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...

The dominant theory in Anglo-American jurisdictions as far as determining the objective of large public companies, has been, and still appears to be, the shareholder primacy theory. Nevertheless, it would seem that in the past 20 years the stakeholder theory has become increasingly popular in...

Purpose The purpose of the paper is to demonstrate that notwithstanding the fact that stewardship theory embraces things like trust of directors, their professionalism, loyalty and willingness to be concerned for the interests of others, as well as rejecting the foundations of classic agency...