The more traditional view of the company, and the role of the directors, is quite narrow, focusing upon the interests of shareholders only, principally the need to generate cash from the business for...

The more traditional view of the company, and the role of the directors, is quite narrow, focusing upon the interests of shareholders only, principally the need to generate cash from the business for the benefit of shareholders. Explain the change in emphasis that has taken place in respect of the role of directors in the UK as a result of the Companies Act 2006. Discuss the extent to which you agree with the traditional or the more modern interpretation of the role of directors.