Re: @Lysenko - So are they breaking the law or not?
Which says (I quote)
"A director of a company must act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole"
There is *nothing* there that or the following sections which says *anything* about "maximising profits". In fact maximising profits could well contravene some of the requirements that follow, for instance "(c) the need to foster the company's business relationships with suppliers, customers and others" and "(e) the desirability of the company maintaining a reputation for high standards of business conduct"
A perfect example of this is how Tesco have recently been fined for deliberately delaying payments to suppliers in order to make their figures look better.