questionText: To ask the Secretary of State for Business and Trade, what assessment his Department has made of whether the corporate governance framework incentivises short-term shareholder returns over long-term value creation for the wider economy.
answerText: Section 172 of the Companies Act 2006 enshrines in law the ‘enlightened shareholder value’ principle, in which directors must have regard in their decision-making to the long-term and to the impact of the company’s operations on the community and the envi...
heading: Corporate Governance