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Companies (Directors Duties) Amendment Bill

Introduced on Sept 23. The member’s bill in the name of Labour’s Duncan Webb seeks to makes clear a company director may take actions that take into account wider matters other than the financial bottom-line. This may include matters such as the principles of te Tiriti, environmental impacts, good corporate ethics, being a good employer, and the interests of the wider community. After being put on hold for a year, the bill was put forward for first reading on Sept 21, debate was interrupted with National indicating opposition. First reading completed on Nov 9 with National and Act opposed sent to the Economic Development, Science and Innovation Committee. Companies (Directors Duties) Amendment Bill