Companies: Directors
Commons · Question 49078 · Tabled 29 Apr 2025 · Department for Business and Trade · Official record
Answered 6 May 2025
Question
Asked by Simon Opher
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential merits of amending Section 172 of the Companies Act 2006 to ensure company directors’ align the interests of (a) people and (b) planet with prof
Answer
Answered by Justin Madders, 6 May 2025
Section 172(1) of the Companies Act 2006 requires company directors to have regard to the interests of the company’s employees and the impact of the company’s operations on the community and the environment. Since 2019, directors of large companies have b...