Written Question·Department for Business and Trade·UIN 59451

Corporate Governance: Reform

Tabled: 12 June 2025

Answered: 20 June 2025

Question

Martin Wrigley

To ask the Secretary of State for Business and Trade, whether his Department plans to consult (a) businesses, (b) trade unions, (c) investors and (d) civil society organisations on the principle of moving from shareholder primacy to stakeholder primacy.

Answer

Justin Madders

Section 172 of the Companies Act 2006 requires company directors to have regard in their decision-making to the interests of their employees and to the impact of the company's operations on the community and the environment. All large companies must repor...

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