Section 172: Difference between revisions
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Revision as of 18:46, 23 October 2022
Corporate social responsibility - company law - corporate governance - stakeholders - directors' duties - UK - Companies Act 2006.
Section 172 of the UK's Companies Act 2006 identifies a list of factors that company directors must "have regard to" in fulfilling their duty to promote the success of the company for the benefit of its members.
These factors include:
- The interests of the company's employees.
- The need to foster business relationships with suppliers, customers and others.
- The impact on the community and the environment.
The groups identified in these factors can be considered to represent other stakeholders in the company, additional to its members (shareholders).