Section 172: Difference between revisions
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''Corporate social responsibility - company law - corporate governance - stakeholders - directors' duties - UK - Companies Act 2006.'' | ''Corporate social responsibility - company law - corporate governance - stakeholders - directors' duties - UK - Companies Act 2006.'' | ||
Section 172 of the UK | Section 172 of the UK 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, but are not limited to: | |||
*The interests of the company's employees. | *The interests of the company's employees. | ||
| Line 10: | Line 11: | ||
The groups identified in these factors can be considered to represent other stakeholders in the company, additional to | The groups identified in these factors can be considered to represent other stakeholders in the company, additional to the company's members (shareholders). | ||
== See also == | == See also == | ||
* [[Companies Act]] | * [[Companies Act]] | ||
* [[Companies Act 2006]] | |||
* [[Company]] | * [[Company]] | ||
* [[Company law]] | * [[Company law]] | ||
| Line 20: | Line 22: | ||
* [[Corporate social responsibility]] | * [[Corporate social responsibility]] | ||
* [[Director]] | * [[Director]] | ||
* [[Directors' duties]] | |||
* [[Duty]] | * [[Duty]] | ||
* [[Employee]] | * [[Employee]] | ||
| Line 25: | Line 28: | ||
* [[Interest]] | * [[Interest]] | ||
* [[Member]] | * [[Member]] | ||
* [[Section 172 statement]] | |||
* [[Shareholder]] | * [[Shareholder]] | ||
* [[Shareholder value]] | * [[Shareholder value]] | ||
Latest revision as of 08:39, 15 February 2023
Corporate social responsibility - company law - corporate governance - stakeholders - directors' duties - UK - Companies Act 2006.
Section 172 of the UK 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, but are not limited to:
- 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 the company's members (shareholders).
See also
- Companies Act
- Companies Act 2006
- Company
- Company law
- Corporate governance
- Corporate social responsibility
- Director
- Directors' duties
- Duty
- Employee
- Fiduciary duty
- Interest
- Member
- Section 172 statement
- Shareholder
- Shareholder value
- Stakeholder
- Stakeholder analysis
- Stakeholder governance
- Stakeholder value
- Statutory duty
- Stewardship
- Sustainability
