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MODERNISING COMPANY LAW

Early day motion 697, tabled 10 October 2005 by Sarah McCarthy-Fry (Labour). Signed by 227 members.

That this House believes companies are critical in achieving the aims of sustainable development and to making poverty history, but that in order to be able to do so their freedom to operate must be balanced with clear responsibilities to society and the environment; and urges the Government to enshrine in new company law a duty for directors to identify, consider, act and report on any negative social and environmental impacts caused by a company's activities in the UK or overseas.

Signatures by party: Labour 167, Liberal Democrat 23, Conservative 14, DUP 8, Scottish National Party 6, Plaid Cymru 3, Social Democratic and Labour Party 3, Independent 1, Respect 1, UUP 1.