Corporate Governance · glossary

Duty to promote the success of the Company (section 172)

A director must act in the way she honestly thinks most likely to promote the company's success for its shareholders as a whole. On the way she must weigh six factors, from the long term to fairness between shareholders. A minute that shows the factors weighed is her evidence. Charter §10.2 · Chapter 3 · Chapter 8

Explained in Chapter 3, The Seven Duties, of Corporate Governance.

Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.

Related terms

Where this term lives

This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Corporate Governance → · All terms A–Z →