Corporate Governance: Reform
Commons · Question 59450 · Tabled 12 Jun 2025 · Department for Business and Trade · Official record
Answered 20 Jun 2025
Question
Asked by Martin Wrigley
To ask the Secretary of State for Business and Trade, whether he plans to support reform in corporate governance from shareholder primacy towards stakeholder primacy.
Answer
Answered by Justin Madders, 20 Jun 2025
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...