Directors should consider more than just shareholders

Including a stakeholder clause in a company’s constitution could help to assist directors to navigate their duties. (Image: Deposit Photos)

Staff reporters

Fri, 30 Jul 2021

A new white paper from the Institute of Directors says the business world is facing a “perfect storm”.The pandemic, climate change and social inequality are forcing boards to think about how their businesses operate, who they serve, and why.The paper, released by the institute and MinterEllisonRuddWatts, says the laws governing directors are ripe for review.It says regulators are now demanding more of boards – and investors are more vocal and engaged on stakeholder issues.The Companies Act demands that directors act in good fa...

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