Written Question·Department for Business and Trade·UIN 34684
Business: Environment Protection and Staff
Tabled: 28 February 2025
Answered: 10 March 2025
Question
Martin Wrigley
Liberal Democrat — Newton Abbot
To ask the Secretary of State for Business and Trade, if he will take steps with Cabinet colleagues to require regulators to help support businesses to meet their fiduciary responsibilities to (a) employees and (b) the environment.
Answer
Justin MaddersUnder Section 172 of the Companies Act 2006, directors have a fiduciary duty to have regard in their decision-making to the interests of their employees and the impact of the company’s operations on the environment. Large companies must report annually on...
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