Section 172

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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