Tag: directors’ duties

Fresh detail for reforming Section 172
Push continues to reform company directors’ duties so that they embrace a wider circle of stakeholders.

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.

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 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.

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”.

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 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.

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.