Critically discuss the meaning of s.172 and analyze whether it is possible to achieve this goal.

Topic : According to s.172 of the Companies Act 2006, directors of a company have a duty to promote the success of the company. To comply with this requirement, directors need to consider not only the interest of members of a company, but also the interest of other stakeholders, including employees, suppliers, customers, and creditors. The impact of the operation of a company on the community and even the environment should be considered as well. Given that the interests of these parties may conflict with each other, s.172 seems to be an ambitious goal. Critically discuss the meaning of s.172 and analyze whether it is possible to achieve this goal.According to s.172 of the Companies Act 2006, directors of a company have a duty to promote the success of the company. To comply with this requirement, directors need to consider not only the interest of members of a company, but also the interest of other stakeholders, including employees, suppliers, customers, and creditors. The impact of the operation of a company on the community and even the environment should be considered as well. Given that the interests of these parties may conflict with each other, s.172 seems to be an ambitious goal. Critically discuss the meaning of s.172 and analyze whether it is possible to achieve this goal.According to s.172 of the Companies Act 2006, directors of a company have a duty to promote the success of the company. To comply with this requirement, directors need to consider not only the interest of members of a company, but also the interest of other stakeholders, including employees, suppliers, customers, and creditors. The impact of the operation of a company on the community and even the environment should be considered as well. Given that the interests of these parties may conflict with each other, s.172 seems to be an ambitious goal. Critically discuss the meaning of s.172 and analyze whether it is possible to achieve this goal.According to s.172 of the Companies Act 2006, directors of a company have a duty to promote the success of the company. To comply with this requirement, directors need to consider not only the interest of members of a company, but also the interest of other stakeholders, including employees, suppliers, customers, and creditors. The impact of the operation of a company on the community and even the environment should be considered as well. Given that the interests of these parties may conflict with each other, s.172 seems to be an ambitious goal. Critically discuss the meaning of s.172 and analyze whether it is possible to achieve this goal.

Word limits must not be exceeded, the footnotes and bibliography are not included (show word count on the front page).
 1.5 line spacing using a 12 font size.
 Cite cases as follows: Smith v Patel (1968). Parties’ names should be italicized (During your final exam, you have to underline the parties’ name).
 Use cases (i) to support a proposition of law, or (ii) to illustrate a point. Use as appropriate when stating and applying the law (for example by comparing the facts with the question to decide if the facts fall within or outside of the case).
 Strict adherence to the scholarly apparatus of referencing and bibliography. If in doubt, consult the following useful website on academic referencing using the Oxford system (OSCOLA): https://www.law.ox.ac.uk/sites/files/oxlaw/oscola_4th_edn_hart_2012.pdf
 The reading list provided for this module should be a starting point only. The use of a wide variety of relevant sources is expected.
 Note that plagiarism is strictly prohibited and serious penalties apply. See the SBM Student Handbook for details here. For a neat guide on the various extents of plagiarism and how to avoid it, see:Word limits must not be exceeded, the footnotes and bibliography are not included (show word count on the front page).
 1.5 line spacing using a 12 font size.
 Cite cases as follows: Smith v Patel (1968). Parties’ names should be italicized (During your final exam, you have to underline the parties’ name).
 Use cases (i) to support a proposition of law, or (ii) to illustrate a point. Use as appropriate when stating and applying the law (for example by comparing the facts with the question to decide if the facts fall within or outside of the case).
 Strict adherence to the scholarly apparatus of referencing and bibliography. If in doubt, consult the following useful website on academic referencing using the Oxford system (OSCOLA): https://www.law.ox.ac.uk/sites/files/oxlaw/oscola_4th_edn_hart_2012.pdf
 The reading list provided for this module should be a starting point only. The use of a wide variety of relevant sources is expected.
 Note that plagiarism is strictly prohibited and serious penalties apply. See the SBM Student Handbook for details here. For a neat guide on the various extents of plagiarism and how to avoid it, see:Word limits must not be exceeded, the footnotes and bibliography are not included (show word count on the front page).
 1.5 line spacing using a 12 font size.
 Cite cases as follows: Smith v Patel (1968). Parties’ names should be italicized (During your final exam, you have to underline the parties’ name).
 Use cases (i) to support a proposition of law, or (ii) to illustrate a point. Use as appropriate when stating and applying the law (for example by comparing the facts with the question to decide if the facts fall within or outside of the case).
 Strict adherence to the scholarly apparatus of referencing and bibliography. If in doubt, consult the following useful website on academic referencing using the Oxford system (OSCOLA): https://www.law.ox.ac.uk/sites/files/oxlaw/oscola_4th_edn_hart_2012.pdf
 The reading list provided for this module should be a starting point only. The use of a wide variety of relevant sources is expected.
 Note that plagiarism is strictly prohibited and serious penalties apply. See the SBM Student Handbook for details here. For a neat guide on the various extents of plagiarism and how to avoid it, see:Word limits must not be exceeded, the footnotes and bibliography are not included (show word count on the front page).
 1.5 line spacing using a 12 font size.
 Cite cases as follows: Smith v Patel (1968). Parties’ names should be italicized (During your final exam, you have to underline the parties’ name).
 Use cases (i) to support a proposition of law, or (ii) to illustrate a point. Use as appropriate when stating and applying the law (for example by comparing the facts with the question to decide if the facts fall within or outside of the case).
 Strict adherence to the scholarly apparatus of referencing and bibliography. If in doubt, consult the following useful website on academic referencing using the Oxford system (OSCOLA): https://www.law.ox.ac.uk/sites/files/oxlaw/oscola_4th_edn_hart_2012.pdf
 The reading list provided for this module should be a starting point only. The use of a wide variety of relevant sources is expected.
 Note that plagiarism is strictly prohibited and serious penalties apply. See the SBM Student Handbook for details here. For a neat guide on the various extents of plagiarism and how to avoid it, see: