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31 May, 2023

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Tag: directors’ duties

reform section 172

Fresh detail for reforming Section 172

Push continues to reform company directors’ duties so that they embrace a wider circle of stakeholders.

Amanda Blanc, Aviva CEO

News round-up: this week in governance

Aviva CEO faces “inappropriate” remarks at shareholder meeting; warning for Twitter board over free speech; speaking up on whistleblowing.

Twitter logo with Elon Musk in the background

News round-up: this week in governance

Will Musk’s Twitter have a board? Human rights and directors’ duties; ICGN chair concerns; stakeholderism “hopelessly and fatally flawed”.

Is Elon Musk trolling Twitter?

Tesla and SpaceX CEO Musk has created a tricky governance challenge by buying a 9.2% stake in Twitter but declining a seat on the board.

EU flag

EU publishes proposals for human rights due diligence law

The proposals require company directors to take into account human rights, climate change and sustainability in their decision-making.

Frances O'Grady, general secretary of the TUC

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”.

Senator Marcio Rubio

US senator Marco Rubio: ‘woke corporations’ could breach fiduciary duty

Rubio has proposed new legislation allowing shareholders to bring legal action against directors over “political conflicts of interest”.

New Zealand parliament buildings in Wellington

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.

Businessman holding a compass

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.

Businesspeople discussing which way to go

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.

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Diligent

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Diligent Corporation, which was founded in 2001, is headquartered in New York, NY with a European HQ in London. Diligent’s modern governance platform empowers leaders and teams at every level of the organisation to digitally transform and create ...

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