Tag: section 172
Directors’ duties: more enforcement needed to drive action on climate
Directors have a “fiduciary duty” to consider climate change risks, say experts—but legal action is unlikely unless enforcement is beefed up.
To B-Corp or not to B-Corp? FRC chief says no in governance debate
Sir Jon Thompson argues there is no need to introduce B-Corp status in the UK, saying companies are already “moving in the right direction”.
Business bodies speak out against proposed EU stakeholder law
Groups including EuropeanIssuers and ecoDa warn against an EU requirement for firms to consider stakeholder interests when making decisions.
Super League debacle gives ‘fresh impetus’ to campaign for company law reform
Institute of Directors points to the collapse of the European Super League proposal as evidence of the need to reform directors’ duties.
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.
Boards urged to reform AGMs as part of post-pandemic strategy
ShareAction has called on boards to reform AGMs as part of a “purposeful” process that maximises shareholder and stakeholder involvement.
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.
Collaboration is key for the challenging AGM season ahead
With shareholder activism on the rise, boards must ensure they engage fully with investor concerns and demonstrate how they are addressing crucial issues.
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.
Boards gear up for section 172 disclosures
Directors will be required to submit a “meaningful and informative” statement on how they fulfil their section 172 duties.