CORPORATE SOCIAL RESPONSIBILITY AND THE COMPANIES ACT 2006
The Companies Act 2006 enshrines in law the concept of 'enlightened shareholder value', a form of corporate social responsibility, in place of a director's traditional common law duty of loyalty. This article demonstrates that the conceptual foundations of the enlightened shareholder value approach are flawed, resulting in a confusing compromise, with potentially damaging efficiency consequences. Copyright (c) 2009 The Author. Journal compilation (c) Institute of Economic Affairs 2009. Published by Blackwell Publishing, Oxford.
Year of publication: |
2009
|
---|---|
Authors: | Copp, Stephen F. |
Published in: |
Economic Affairs. - Wiley Blackwell. - Vol. 29.2009, 4, p. 16-21
|
Publisher: |
Wiley Blackwell |
Saved in:
freely available
Saved in favorites
Similar items by person
-
The legal foundations of free markets
Copp, Stephen F., (2008)
-
The legal foundations of free markets
Copp, Stephen F., (2008)
-
Copp, Stephen F., (2008)
- More ...