Written Question·Department for Business and Trade·UIN 27451
Companies: Conditions of Employment and Environment
Tabled: 29 January 2025
Answered: 6 February 2025
Question
Steve Race
Labour — Exeter
To ask the Secretary of State for Business and Trade, what support his Department is offering to businesses to alter articles of association to align the interests of (a) people, (b) the planet and (c) profit.
Answer
Justin MaddersUnder section 21 of the Companies Act 2006, a company may alter its articles of association by special resolution (requiring 75% approval of its shareholders), and under section 172(2) of the Act, a company may set out a distinctive purpose that its direc...
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