Location: Northern Ireland
Rep.of Ireland
Location: Northern Ireland
Rep.of Ireland
Home / Articles / Do Your Employment Contracts Reflect The Needs Of The Business?

Do Your Employment Contracts Reflect The Needs Of The Business?

Posted in : Essential Guide to Employment Contracts on 28 September 2021
Kiera Lee
Mills Selig
Issues covered: Fiduciary duty; Senior manager Contracts; Better Business

Better Business Act

The Better Business Act (“BBA”) coalition recently proposed an amendment which, if passed, would change the focus of the director’s duty set out in section 172 of the Companies Act 2006 from being a duty “to promote the success of the company” to being a duty “to advance the purpose of the company”.

This reflects the modern approach to sustainable business. What success means for business is no longer reflected solely on increasing shareholder value. The BBA coalition want to ensure that business success is measured by not only boosting the bottom line, but also by its impact on people and the environment. And while this is not yet law, it is a good idea to ensure senior

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This article is correct at 28/09/2021
Disclaimer:

The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.

Kiera Lee
Mills Selig

The main content of this article was provided by Kiera Lee. Contact telephone number is 028 9024 3878 or email Kiera.Lee@millsselig.com

View all articles by Kiera Lee