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Oral question asked in the House of Commons, by Alun Michael (Labour). It was answered by Norman Lamb (Liberal Democrat) on Thursday, 15 March 2012 on behalf of the Department for Business, Innovation and Skills.


Companies Act 2006

Question
To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to promote observance of section 172 of the Companies Act 2006.
Answer

Directors' duties were codified in the Companies Act 2006, providing legal clarity for directors and raising awareness of their duty to have regard to long-term factors in promoting the success of the company. A variety of guidance is available to directors to help them observe their legal duties.


Secondary information

Type
Oral question
Reference
100036 
542 c371 
Session
2010-12
Oral question type
Lead
Chamber / Committee
House of Commons chamber
Subjects
Directors Ethics
Link
View this Oral question on www.publications.parliament.uk