Business Chief Europe Magazine October 2023 | Page 82

LEADERSHIP | SHAREHOLDER VALUE

The changing face

The importance of and future direction of

shareholder value regional IPOs boom

The concept of delivering value to shareholders as the primary purpose of a listed business has evolved , but it remains a key focus for CEOs .
WRITTEN BY : SCOTT BIRCH

When considering the future of shareholder value , we have to look at the history . You have to go back to the dark economic times of the 1970s – a period of global stagnation . Open the pages of The New York Times and you ’ ll find an essay by a certain Milton Friedman titled ‘ The Social Responsibility of Business is

82 October 2023