Tag: section 172
Business leaders call for election promises on audit reform
The Institute of Directors’ ‘Manifesto for Business’ also seeks change to section 172 to promote company purpose.
ClientEarth queries Shell climate ruling
The NGO says the court’s ruling ‘raises important questions’ on whether too much ‘discretion’ was given to directors over section 172.
Corporate efforts to define their ‘purpose’ fail to convince employees
Survey finds most staff believe their company has changed little or not at all since setting out a purpose.
Fresh detail for reforming Section 172
Push continues to reform company directors’ duties so that they embrace a wider circle of stakeholders.
Focus on the ‘G’ of ESG
Listening to what stakeholders define as valuable is the key to successful governance—and it will make corporate reporting much easier, too.
ClientEarth’s climate case against Shell ‘likely to fail’
Corporate governance expert says ClientEarth will struggle to prove Shell’s directors did not consider the “wider interests” of the company.
Shell faces shareholder litigation over climate risk
Campaign group ClientEarth claims board members have breached their directors’ duties by failing to “properly prepare” for climate change.
TUC urges change to company law that prioritises shareholders
New report says the balance of company interests has swung too far towards shareholders and “away from working people who create the wealth”.
New Zealand parliament to debate reform to directors’ duties
MPs in Wellington will examine a bill that would allow New Zealand’s directors to consider ESG issues as part of their company obligations.
Company law ‘should place purpose at the centre of business’
Report from the British Academy calls for new regulatory powers that would enable watchdogs to hold directors to account.