Reflexive Law and Section 172 Reporting: Evolution of Social Responsibility Within Company Law Limits?

The apparent need for balanced interests in company law between the shareholder value approach and the social demands for corporate responsibility to stakeholders is often exemplified by the section 172 duty to promote the success of the company. Section 172 enshrined the enlightened shareholder value (ESV) principle, which was a mediated position between the pure shareholder value approach and the pluralist stakeholder approach. The method for...