Section 172 statement: Difference between revisions
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A formal statement, for example in an annual report, about how a company has complied with Section 172 of the UK Companies Act 2006, identifying other stakeholders' interests that company directors must "have regard to" in promoting the success of the company for the benefit of its members. | A formal statement, for example in an annual report, about how a company has complied with Section 172 of the UK Companies Act 2006, identifying other stakeholders' interests that company directors must "have regard to" in promoting the success of the company for the benefit of its members. | ||
Some reporting entities make a ''voluntary'' Section 172 statement in order to evidence good governance, even if they are not subject to the UK Companies Act. | |||
Latest revision as of 16:39, 5 March 2023
Corporate social responsibility - company law - corporate governance - stakeholders - directors' duties - UK - Companies Act 2006.
A formal statement, for example in an annual report, about how a company has complied with Section 172 of the UK Companies Act 2006, identifying other stakeholders' interests that company directors must "have regard to" in promoting the success of the company for the benefit of its members.
Some reporting entities make a voluntary Section 172 statement in order to evidence good governance, even if they are not subject to the UK Companies Act.
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
- Shareholder
- Shareholder value
- Stakeholder
- Stakeholder analysis
- Stakeholder governance
- Stakeholder value
- Statutory duty
- Stewardship
- Sustainability
- UK Corporate Governance Code
