Tag: Companies Act 2006
Campaigners challenge M&S over virtual-only AGMs
M&S chair Archie Norman’s Share Your Voice petition would ‘restrict shareholders’ ability to engage’, says The Engagement Appeal.
Fresh detail for reforming Section 172
Push continues to reform company directors’ duties so that they embrace a wider circle of stakeholders.
What happens when a director resigns?
A High Court judge has determined that resigning from the board will not necessarily mean leaving all liabilities behind.
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”.
What is ‘independent judgment’—and how should board directors use it?
Directors are obliged to exercise independent judgment in their decision-making. But there is little guidance on what this means in practice.
Campaign urges reform of section 172 to promote ‘purpose of the company’
John Lewis, Innocent and the Institute of Directors are backing the Better Business Act campaign to make purpose central to section 172.
Companies Act duties ‘need testing in the courts’ to improve governance
Sections 171 and 172 can support the shift to stakeholder capitalism, says Professor Bob Garratt—but only if they are taken seriously and enforced.
FRC warns firms to be candid about prospects of corporate failure
Watchdog says investors expect companies “to articulate their expectations of the possible impacts on their specific business” amid Covid-19 crisis.
Section 172 reporting is an opportunity to increase transparency
New S172 reporting requirements should spur firms to review how board decisions are reached, and push boards to learn more about the views of stakeholders.
Bank of England economist Andy Haldane enters stakeholder debate
Speaking at a Bloomberg event, Haldane said it was time for a “refresh” of the capitalist model—and added that legislative change should not be ruled out.