It is a common trope I see claimed quite often similar to:
Individuals and interest groups are governed by laws that demand maximum profit where possible. These laws are inherent in the monetary system prevalent in most countries today – capitalism.
It also makes no sense to endlessly chase after individual instances of corporate wrongdoing, when that wrongdoing is a natural result of the system design. Corporations abuse the public interest because the law tells them their only legal duty is to maximize profits for shareholders. Until we change the law of corporate governance, the problem of corporate abuse can never fully be solved.
SOURCE (final paragraph)
Or Senator Al Franken
In a recent speech at the Netroots Nation, Senator Al Franken tried to frighten the crowd by trotting out the corporate bogeyman that greedily makes decisions without regard to anything other than profit. Franken told them: “it is literally malfeasance for a corporation not to do everything it legally can to maximize its profits.”
I am aware of no law in the US or any other country that requires anything like this. I know that it is a common business goal to improve profitability but rarely see a reputable company that takes an increase profits at all cost philosophy.
So are there any laws in the US or any other 1st world country with similar requirements?