In the US, there are multiple Supreme Court precedent cases that force profit-maximizing. Shareholders can sue the CEO and board to maximize profit seeking.
So yes, increasing shareholder value is enshrined in US law. Only private corporations can get around that rule. Also, a corporation cannot be forced to break the law to maximize profits, that’s just something most CEO’s are willing to do for fun.
Maybe this will stop Congress from abdicating their duty to the Executive Banch and start passing updates to laws. The way we had it was that every change of president allowed more cronyism to change the rules.
Doesn’t anyone remember that Trump gutted the EPA and made them change how they worked scientifically? How the DOE decided that Coal and Gas production was the future during Trump? Did everyone forget that Trump allowed the Department of the Interior to sell gas lease for the Arctic Wildlife Preserve.
All those changes used a Chevron defense.