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Shareholder Primacy in Corporate Law: Can it Survive? Should it Survive?

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  • Keay Andrew

    (*Professor of Corporate and Commercial Law, Centre for Business Law and Practice, School of Law, University of Leeds, England.)

Abstract

The dominant theory in Anglo-American jurisdictions, as far as determining the objective of large public corporations, has been, certainly since the 1970s, the shareholder primacy theory. Yet there have been in recent years a number of challenges to the dominance of this theory in Anglo-American jurisdictions. Given this, the article asks whether shareholder primacy is able retain its position as the dominating theory in relation to corporations in such jurisdictions? A second question that is considered is: should the theory survive?

Suggested Citation

  • Keay Andrew, 2010. "Shareholder Primacy in Corporate Law: Can it Survive? Should it Survive?," European Company and Financial Law Review, De Gruyter, vol. 7(3), pages 369-413, January.
    • Handle: RePEc:bpj:eucflr:v:7:y:2010:i:3:p:369-413:n:1
    DOI: 10.1515/ecfr.2010.369
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