Section 172: Difference between revisions
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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. | 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: | These factors include: | ||
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* [[Corporate social responsibility]] | * [[Corporate social responsibility]] | ||
* [[Director]] | * [[Director]] | ||
* [[Directors' duties]] | |||
* [[Duty]] | * [[Duty]] | ||
* [[Employee]] | * [[Employee]] | ||
Revision as of 19:23, 28 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).
See also
- Companies Act
- Company
- Company law
- Corporate governance
- Corporate social responsibility
- Director
- Directors' duties
- Duty
- Employee
- Fiduciary duty
- Interest
- Member
- Shareholder
- Shareholder value
- Stakeholder
- Stakeholder analysis
- Stakeholder governance
- Stakeholder value
- Statutory duty
- Stewardship
- Sustainability
