International Science Community Association Research Journal of Recent Sciences 2277 - 2502 6 6 2017 06 2 ‘Enlightened Shareholders Value’ Approach under Section 172 of the UK Companies Act of 2006: An Analysis 38 42 EN Pachauri Tripti 1 Department of Chemistry, Faculty of Science, Dayalbagh Educational Institute, Dayalbagh, Agra 282 110, India Lakhani Anita 2 Department of Chemistry, Faculty of Science, Dayalbagh Educational Institute, Dayalbagh, Agra 282 110, India Kumari K. Maharaj 3 Department of Chemistry, Faculty of Science, Dayalbagh Educational Institute, Dayalbagh, Agra 282 110, India Agyarko Kofi 1 University of Education, Winneba, College of Agriculture Education, Department of Crop and Soil Sciences Education, Ashanti, Ghana Abunyewa Akwasi A. 2 Kwame Nkrumah University of Science and Technology, College of Agriculture & Natural Resources, Faculty of Renewable Natural Resources, Department of Agroforestry, Kumasi, Ghana Bora Zinekena S.T. Tii 3 University of Education, Winneba, College of Agriculture Education, Department of Crop and Soil Sciences Education, Ashanti, Ghana Asare John 4 University of Education, Winneba, College of Agriculture Education, Department of Crop and Soil Sciences Education, Ashanti, Ghana Boakye Albert K. 5 University of Education, Winneba, College of Agriculture Education, Department of Crop and Soil Sciences Education, Ashanti, Ghana Abankwa Randy Y. 6 University of Education, Winneba, College of Agriculture Education, Department of Crop and Soil Sciences Education, Ashanti, Ghana Kaur Balwinder 1 Department of Chemistry, Punjabi University Patiala-147 002, Punjab, India Singh Karamjit 2 Department of Physics, Punjabi University Patiala-147 002, Punjab, India Malik Ashok Kumar 3 Department of Chemistry, Punjabi University Patiala-147 002, Punjab, India Pandya Krishna Y. 1 Sophisticated Instrumentation Centre for Applied Research and Testing, Vallabh vidhyanagar-388120, Gujarat, India and Department of Biology, V.P. Science College, Sardar Patel University, Vallabh Vidhyanagar-388120, Gujarat, India Patel Rinku V. 2 Sophisticated Instrumentation Centre for Applied Research and Testing, Vallabh vidhyanagar-388120, Gujarat, India and Department of Biology, V.P. Science College, Sardar Patel University, Vallabh Vidhyanagar-388120, Gujarat, India Jasrai Rakesh T. 3 Department of Chemistry, R.K. Parikh Arts and Science College, Sardar Patel University, Petlad-388450, Gujarat, India Brahmbhatt Nayana 4 Department of Biology, V.P. Science College, Sardar Patel University, Vallabh Vidhyanagar-388120, Gujarat, India Sharmila S. Ghangale 1 Department of Environmental Science & Research Centre, K.T.H.M. College, Nashik, India A.D. Bholay 2 Department of Microbiology, K.T.H.M. College, Nashik, India P.M. Nalawade 3 Department of Environmental Science & Research Centre, K.T.H.M. College, Nashik, India Khatri Aastha 1 Dept. of Home Science Extension and Communication Management, College of Home Science, MPUAT, Udaipur, Rajasthan-313001, India Khan Pervaiz 1 Law Department, Bahria University, Islamabad, Pakistan Kasi Mirwais 2 International Relations Department, University of Balochistan, Pakistan > Review Paper 2017 4 15 2017 06 2 Section 172 of the Companies Act 2006 of the United Kingdom (UK) is claimed to be one of the significant enactments in the history of company law in the UK. By adopting the ‘enlightened shareholder value’ model, in comparison to the ‘shareholder primacy’ approach, this section requires the directors to consider the stakeholders’ interests while promoting success of the company. However, in reality, the ‘enlightened shareholder value’ approach closely resembles with the ‘shareholder primacy’ approach. This is because, in practice, interests of the stakeholders are likely to be compromised in promoting the shareholders’ interests. Copyright@ International Science Community Association