Loughrey, Joan --- "Conclusion" [2012] ELECD 1310; in Loughrey, Joan (ed), "Directors’ Duties and Shareholder Litigation in the Wake of the Financial Crisis" (Edward Elgar Publishing, 2012) 247

Book Title: Directors’ Duties and Shareholder Litigation in the Wake of the Financial Crisis

Editor(s): Loughrey, Joan

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9780857939654

Section Title: Conclusion

Author(s): Loughrey, Joan

Number of pages: 10

Abstract/Description:

DANIEL ATTENBOROUGH:1 This is a question for Andrew Keay. I often think that it is very easy to be negative about enlightened shareholder value and to say that it has actually achieved very little, or nothing, in law but is it fair to suggest that the word ‘enlighten’ is a very subtle, gentle term, particularly if you compare it against the vigour and striking nature of such terms as ‘maximization’ or ‘primacy’. As I said, the word enlightened is a rather delicate or subtle term and it does imply only a modest, rather than wholesale change, so I wonder whether you agree that enlightened shareholder value has in fact precipitated a welcome