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Companies Act 2006

Part of Oral Answers to Questions — Business, Innovation and Skills – in the House of Commons at 10:30 am on 15th March 2012.

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Photo of Norman Lamb Norman Lamb The Parliamentary Under-Secretary of State for Business, Innovation and Skills 10:30 am, 15th March 2012

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.