This bill makes clear that a company director, in acting as the mind and will of the company, can 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.
Passed first reading 09 November 2022, now with the Economic Development, Science and Innovation Committee (currently before committee).
Submissions due 17 January 2023
Member's bill
Passed by a majority of 33 votes (76 ayes, 43 noes, 0 abstentions)
Bill type | Member's bill |
---|---|
Parliament | 53 |
Ref | 75-1 |
Introduced | 23 September 2021 |
First reading | 9 November 2022 |
Select Committee | Economic Development, Science and Innovation Committee |
Public submissions due | 17 January 2023 |
Divided | No |
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