Critically discuss the legal relevance of the enlightened shareholder Assignment

Critically discuss the legal relevance of the enlightened shareholder concept - Assignment Example In 1998, there were several calls by various agencies and stakeholders for the UK company law to be reviewed as it was considered to be overly based on common law (Lowry and Dignam, 2006). This call was mainly led by the Department of Trade and Industry which put forward a proposal, which was later considered by the Company Law Review Steering Group (CLRSG). Going into parliament in November 2005 as the Company Law Reform Bill, there was a passage into what is now known as the Company Law Act 2006. Even though enshrined with several provisions and regulations, one aspect of the Company Law Act 2006 that has generated a lot of public, academic and professional debate and discourse is S 172 CA 2006, which touches on the duties of directors. Theoretically, S 172 CA 2006 has been said to promote what is now known as enlightened shareholder (Kraakman et al., 2009). This paper there seeks to critically discuss the legal relevance of the enlightened shareholder concept in relation to what u sed to exist before the S 172 CA 2006. The concept of enlightened shareholder became part of public, academic and business discourse starting from the passage of the Company Law Act 2006 (Lowry and Dignam, 2009). Since then, there have been various interpretations for the term. In a much generalised framework of discourse, the enlightened shareholder concept can be said to be an approach to corporate governance whereby the role and place of the shareholder has been redefined in a more elaborate and expanded manner (Sealy and Worthington, 2010). By the use of the term approach, reference is being made to the fact that the enlightened shareholder concept has become a way of corporate life which entails a set of conduct and actions that must be exhibited or put up to justify the execution of the concept (Micklethwait and Adrian, 2003). Most commonly, the enlightened shareholder concept is said to an expansion on

Leadership and Sustainability Assignment Example | Topics and Well Written Essays - 2500 words

Leadership and Sustainability - Assignment Example In fact, leaders have come under consideration to be the most substantial elements for the organization and its success. This is because leaders are the people who implement and bring into practice the new strategies and methodologies, as these new techniques or the innovations are the prospective features that facilitate the organizations to accomplish constructive financial outcomes and overall profitability (Gallos, pp. 1-10). Leadership likewise has also come under observation as a process, rather than a trait or a characteristic. However, leadership has come under definition by its promoters as â€Å"process of  social influence  in which one person is able to enlist the aid and  support  of others in the accomplishment of a common  task† (Chamorro-Premuzic, pp. 144). In addition, it also refers to gather, systematize, and manage a cluster of population that can work towards the accomplishment of a shared and widespread goal. The leaders have the ability to infl uence others in a way that they respond willingly to the leader. Besides, it has also come under notice that leaders regulate their leadership style with reference to the situations as well as to the directed people (Chamorro-Premuzic, pp. 143-148). ... Nevertheless, extensive studies suggests that the current leadership styles is immense, colossal, complicated and multifaceted that is in a constant process of magnification. In fact, more and more companies nowadays are looking to sustainability leadership as the core competency in the competition (Pride & Hughes &  Kapoor, pp. 179-186). Scholars even view the fact that patterns of thoughts and actions are not the only attributes that comes under leadership styles, as it is something more than that. However, according to few of the authors, leadership style has come under reference as the method or approach that a leader leads that include his or her communication style and skills of leadership, the way of practicing power and authority, and the impact of these techniques on others (Pride & Hughes &  Kapoor, pp. 179-186). Researchers even bring into limelight that leadership styles lay its foundation on several frameworks, despite the fact that they indicate different and divers e viewpoints, yet the core and fundamental principal behind all continue to portray the same meaning. Empirical studies in the wake of the leadership styles not only illustrate the affiliation and liaison between various factors that support leadership styles, organizational culture and the demands of its environment, but also depict the effects on the performance of the organization (Pride & Hughes &  Kapoor, pp. 179-186). While looking at diverse types of leadership, every sort of leadership works and proves to be efficient, but only in certain cases, where the organization’s business functions and operations are the key responsible elements in determining which