Corporate Governance: Reform
Commons · Question 59451 · 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 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
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...