Written Question·Department for Business and Trade·UIN 61300
Corporate Governance
Tabled: 19 June 2025
Answered: 27 June 2025
Question
Patrick Hurley
Labour — Southport
To ask the Secretary of State for Business and Trade, what recent assessment his Department has made of the potential implications for its policies of international best practices in embedding stakeholder governance into company law.
Answer
Justin MaddersSection 172 of the Companies Act 2006 requires company directors to have regard in their decision-making to the interests of their employees, customers and suppliers, and also to the impact of the company’s operations on the community and the environment....
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