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Fiduciary duty needn't be about maximising shareholder value; it can be about maximising shared value".
The obsession with maximising shareholder value as the purpose of business is a recent, and deeply damaging aberration.
Evangelists for the twin doctrines of globalisation and maximising shareholder value simply shrug their shoulders at this point.
He is wedded to the notion of "value based management" (VBM)—maximising shareholder value, in other words.
Milton Friedman's view that business should focus on maximising shareholder value has been "interpreted way too narrowly", Mr Polman argues.
"This is the big issue for privatisation because of the tension between delivering the remit and maximising shareholder value and, therefore, the privatisation proceeds".
Similar(35)
At present directors have, or believe they have, only one obligation: to maximise shareholder value.
The private sector aims to maximise shareholder value in ways that are socially responsible.
"Just telling them to maximise shareholder value does not satisfy them any more.
Kalin, who could not be reached for comment, has said trying to maximise shareholder value was "ridiculous".
"This transaction is our last significant asset disposal and will deliver on our commitment to eradicate operational cash burn and maximise shareholder value," he told shareholders.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com