IoD Role Of The Director & Board Practice Questions - IoD Certificate In Company Direction - Award In Role Of The Director And The Board Exam

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Section 172 CA 2006 requires directors to promote the success of the company for the benefit of members as a whole. How should 'success' normally be understood in board practice?

As delivering the highest possible dividend in the current financial year As implementing whatever the largest shareholder requests at each meeting As long-term value creation judged in the round, not merely immediate share price or dividend outcomes As avoiding all commercial risk so that capital is never exposed to loss

Correct Answer:

As long-term value creation judged in the round, not merely immediate share price or dividend outcomes

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