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You searched for subject:(enlightened shareholder value). Showing records 1 – 3 of 3 total matches.

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University of Toronto

1. Carsley, Samuel H. A Rudderless Regime: The United Kingdom's "Enlightened Shareholder Value" as a Model for the Duty of Loyalty in Canada.

Degree: 2010, University of Toronto

This paper argues that the despite the apparent rejection of the shareholder primacy model by the Supreme Court of Canada in Peoples Department Stores Inc. (Trustee of) v. Wise and BCE Inc. v. 1976 Debentureholders, there is a strong tradition of shareholder primacy in Canada that has persisted in jurisprudence and legislative materials. The dislodging of shareholder primacy as the guiding force in directors’ duties is discordant with this tradition and per incuriam. As such, at the moment, the duty of loyalty of directors to the corporation is adrift, lacking substantive guidance from the Supreme Court. This guidance, this paper argues, can be found in the “enlightened shareholder value” model embodied in s. 172 of the United Kingdom’s Companies Act 2006 which holds to shareholder primacy while exhorting directors to adopt an inclusive approach to the interests of non-shareholder stakeholders.

MAST

Advisors/Committee Members: MacIntosh, Jeffrey G., Law.

Subjects/Keywords: corporate law; directors; duty of loyalty; shareholders; stakeholders; enlightened shareholder value; 0454

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APA (6th Edition):

Carsley, S. H. (2010). A Rudderless Regime: The United Kingdom's "Enlightened Shareholder Value" as a Model for the Duty of Loyalty in Canada. (Masters Thesis). University of Toronto. Retrieved from http://hdl.handle.net/1807/25444

Chicago Manual of Style (16th Edition):

Carsley, Samuel H. “A Rudderless Regime: The United Kingdom's "Enlightened Shareholder Value" as a Model for the Duty of Loyalty in Canada.” 2010. Masters Thesis, University of Toronto. Accessed March 30, 2020. http://hdl.handle.net/1807/25444.

MLA Handbook (7th Edition):

Carsley, Samuel H. “A Rudderless Regime: The United Kingdom's "Enlightened Shareholder Value" as a Model for the Duty of Loyalty in Canada.” 2010. Web. 30 Mar 2020.

Vancouver:

Carsley SH. A Rudderless Regime: The United Kingdom's "Enlightened Shareholder Value" as a Model for the Duty of Loyalty in Canada. [Internet] [Masters thesis]. University of Toronto; 2010. [cited 2020 Mar 30]. Available from: http://hdl.handle.net/1807/25444.

Council of Science Editors:

Carsley SH. A Rudderless Regime: The United Kingdom's "Enlightened Shareholder Value" as a Model for the Duty of Loyalty in Canada. [Masters Thesis]. University of Toronto; 2010. Available from: http://hdl.handle.net/1807/25444


University of Toronto

2. Henderson, Gail. The Possible Impacts of "Enlightened Shareholder Value" on Corporations' Environmental Performance.

Degree: 2009, University of Toronto

This paper argues that “enlightened shareholder value” (“ESV”) offers a “third way” between the shareholder primacy and stakeholder theories of the corporation; one that maintains the creation of shareholder value as the corporation’s primary function, but requires directors to take into account the environmental impact of the corporations’ operations. ESV requires directors to “have regard to”, among other things, “the impact of the company’s operations on…the environment.” The obligation to “have regard to” should be interpreted as a procedural duty requiring directors to inform themselves as to the environmental impact of the corporation’s operations, which may in itself cause directors to reallocate corporate resources to environmental protection. ESV may also improve corporations’ environmental disclosure and impact social norms of corporate behaviour with respect to the environment. Any negative impact of ESV on present shareholder returns is justified by the obligation to avoid imposing foreseeable severe or irreparable environmental harm on future generations.

MAST

Advisors/Committee Members: Anand, Anita, Green, Andrew, Law.

Subjects/Keywords: directors' fiduciary duties; enlightened shareholder value; environmental law; 0398

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APA (6th Edition):

Henderson, G. (2009). The Possible Impacts of "Enlightened Shareholder Value" on Corporations' Environmental Performance. (Masters Thesis). University of Toronto. Retrieved from http://hdl.handle.net/1807/18339

Chicago Manual of Style (16th Edition):

Henderson, Gail. “The Possible Impacts of "Enlightened Shareholder Value" on Corporations' Environmental Performance.” 2009. Masters Thesis, University of Toronto. Accessed March 30, 2020. http://hdl.handle.net/1807/18339.

MLA Handbook (7th Edition):

Henderson, Gail. “The Possible Impacts of "Enlightened Shareholder Value" on Corporations' Environmental Performance.” 2009. Web. 30 Mar 2020.

Vancouver:

Henderson G. The Possible Impacts of "Enlightened Shareholder Value" on Corporations' Environmental Performance. [Internet] [Masters thesis]. University of Toronto; 2009. [cited 2020 Mar 30]. Available from: http://hdl.handle.net/1807/18339.

Council of Science Editors:

Henderson G. The Possible Impacts of "Enlightened Shareholder Value" on Corporations' Environmental Performance. [Masters Thesis]. University of Toronto; 2009. Available from: http://hdl.handle.net/1807/18339


Uppsala University

3. Djäken, Johan. Doing Good While Being Good : A study of the relationship between Corporate Social Responsibility and the Swedish Companies Act.

Degree: Law, 2016, Uppsala University

This thesis investigates the current interrelationship between the provisions contained in the Swedish Company Act (2005:551) and activities related to Corporate Social Responsibility (CSR) pursued by companies listed at Nasdaq Stockholm. The focal point of this thesis could be argued to be of particular relevance in this day and age, as companies listed at Nasdaq Stockholm continue to perform at the top of the league in global sustainability performance measurements, and Swedish and European legislators have intensified their efforts to encourage businesses to operate in a way that does not incur unacceptable social costs to society. Thus, most companies, particularly those with a vested interest in the private consumer market, seem to recognise the importance of fostering long-term relationships with a wide sphere of stakeholders. The purpose of the thesis has been to contribute to the steadily increasing body of legal research that discusses to what extent Swedish companies, without breaching corporate law, could involve themselves in CSR investments. Since I, initially, conclude that Swedish publicly listed companies seem to increasingly invest in activities related to CSR, the thesis also discusses whether the relevant provisions of the SCA need to change to better adapt to companies’ involvement in CSR activities. In brief, I argue, that current business research on CSR coupled with the aforementioned relevant provisions of the SCA allow boards and managing directors to pursue practically any CSR investments, and that shareholders are mostly restricted to rely on relatively blunt ex post actions against a board and/or managing director that has pursued an ill-considered CSR investment, including the obvious choices of voting to replace the board or selling their shares. And since current business research has not consistently proven the positive impact of CSR policies on the financial performance of businesses there are reasons to suspect that the law practically, due to the shielding force of the business judgment rationale and the legislator’s wish to protect most transactions, cannot be effectively applied to stop CSR investments, even if these are nothing but costs for the business. On the other hand, the findings of the thesis also suggest that the occurrence of such unwise CSR investments is not necessarily a proliferating problem, since many companies listed at Nasdaq Stockholm nowadays have powerful and short-sighted institutional owners. The situation might therefore very well be the opposite and that executives struggle to manage for the long-term, as the logic of the market tell them to do otherwise. 

Den här examensuppsatsen utforskar förhållandet mellan några av aktiebolagslagens regler och det engagemang som bolag noterade på Nasdaq Stockholm uppvisar i frågor rörande Corporate Social Responsibility (CSR). Ämnet kan sägas vara särskilt relevant då såväl det samtida näringslivet som lagstiftaren tycks präglas av en ökad medvetenhet kring CSR-frågor. Den ökade…

Subjects/Keywords: Aims of the Swedish Companies Act; Swedish Companies Act; SCA; company's interest; company's objects; contemporary CSR; corporate gifts; corporate governance; CSR; Corporate Social Responsibility; CSR and Swedish corporate governance; de facto value transfers; duty of loyalty; duty of care; duties of the board; duties of the managing director; ESV; enlightened shareholder wealth maximization; executive compensation; fiduciary duties; profit purpose; purpose of the limited company; pluralist purpose; pyramidal ownership structure; value transfer framework; shareholder value model; shareholder primacy model; share buybacks; Swedish corporate governance; Swedish Code on Corporate Governance; ABL; aktiebolags syfte; aktiebolags vinstsyfte; aktiebolags verksamhetsföremål; aktieåterköp; aktieägarmodell; bolagsstyrelsens ansvar; CSR; Corporate Social Responsibility; CSR och svensk bolagsstyrning; förtäckta värdeöverföringar; företagsgåvor; institutionella ägare; korsägande; pluralistiskt vinstsyfte; pyramidägande; Svensk kod för bolagsstyrning; svensk bolagsstyrning; upplyst aktieägarmodell; verkställande direktörs ansvar; värdeöverföringsreglerna; värdeöverföringar; Law (excluding Law and Society); Juridik (exklusive juridik och samhälle)

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APA (6th Edition):

Djäken, J. (2016). Doing Good While Being Good : A study of the relationship between Corporate Social Responsibility and the Swedish Companies Act. (Thesis). Uppsala University. Retrieved from http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-306630

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Djäken, Johan. “Doing Good While Being Good : A study of the relationship between Corporate Social Responsibility and the Swedish Companies Act.” 2016. Thesis, Uppsala University. Accessed March 30, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-306630.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Djäken, Johan. “Doing Good While Being Good : A study of the relationship between Corporate Social Responsibility and the Swedish Companies Act.” 2016. Web. 30 Mar 2020.

Vancouver:

Djäken J. Doing Good While Being Good : A study of the relationship between Corporate Social Responsibility and the Swedish Companies Act. [Internet] [Thesis]. Uppsala University; 2016. [cited 2020 Mar 30]. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-306630.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Djäken J. Doing Good While Being Good : A study of the relationship between Corporate Social Responsibility and the Swedish Companies Act. [Thesis]. Uppsala University; 2016. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-306630

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

.