The enlightened shareholder value (esv) approach and the interpretation of the phrase ‘best interests of the company’ in South Africa

dc.contributor.advisorMupangavanhu, Brighton
dc.contributor.authorNel, Timothy
dc.date.accessioned2023-08-10T08:02:09Z
dc.date.accessioned2024-06-05T07:51:25Z
dc.date.available2023-08-10T08:02:09Z
dc.date.available2024-06-05T07:51:25Z
dc.date.issued2023
dc.descriptionMagister Legum - LLMen_US
dc.description.abstractAccording to section 76(3)(b) of the Companies Act 71 of 2008, directors are obligated to incorporate the company's best interests in their objectives. Generally, this phrase denotes the interests of the shareholders collectively.1 It has been difficult to establish what exactly the term ‘company’ means. The phrase 'best interests of the company' has similarly been difficult to explain. Currently, the efforts to provide answers are represented by three approaches, viz (i) the shareholder value approach, (ii) the pluralist/stakeholder approach and (iii) the enlightened shareholder-value (ESV) approach. While some authors may be convinced that South Africa has adopted the ESV approach under the Companies Act 71 of 2008, the phrase ‘best interests of the company’ requires further unpacking to determine its exact meaning.2en_US
dc.identifier.urihttps://hdl.handle.net/10566/15951
dc.language.isoenen_US
dc.publisherUniversity of the Western Capeen_US
dc.rights.holderUniversity of the Western Capeen_US
dc.subjectCorporate governanceen_US
dc.subjectCorporate citizenshipen_US
dc.subjectLabour lawen_US
dc.subjectSouth Africaen_US
dc.subjectSection 76(3)(b) of the Companies Act 71 of 2008en_US
dc.titleThe enlightened shareholder value (esv) approach and the interpretation of the phrase ‘best interests of the company’ in South Africaen_US

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