The Companies Act 2006, Section 172(1) requires directors to act in the way they consider would be most likely to promote the success of the company for the benefit of its members as a whole. In doing so, directors should have regard to various considerations. Which one of the following is not one of the matters that Section 172(1) requires directors to have regard to?

Question

Quizplus · Accepted Answer

Section 172(1) of the Companies Act 2006 does not specifically mention the need to act fairly as between stakeholders of the company. It focuses on promoting the success of the company for the benefit of its members as a whole, considering factors like the impact on the community and environment, relationships with suppliers and customers, and the interests of employees, but does not explicitly require fairness among all stakeholders.

The Companies Act 2006, Section 172(1) Requires Directors to Act