EDM 1478: Better Business Day campaign and the Company Directors (Duties) Bill

That this House welcomes Better Business Day and congratulates all those involved in raising awareness of the Better Business Act campaign, which seeks to amend company law to ensure directors have a duty to advance the interests of shareholders while also considering the wider community and the environment; recognises that this campaign reflects growing public and investor demand for responsible and sustainable business practices; further recognises the constructive engagement between campaigners, businesses and hon. Members during Better Business Day, fostering cross-party dialogue on how company law reform can strengthen long-term economic resilience; notes the broad support for the proposed Better Business Act from businesses including Iceland, Tony’s Chocolonely, Olio, Bloom & Wild, Charlie Bigham’s, Forest, Danone, Virgin Group, Little Moons, Gü, and ELEMIS, and from organisations such as ShareAction, the Institute of Directors and the RSPB; calls on the Government to bring forward legislation to move company law from a system of shareholder primacy to one of stakeholder primacy; and urges the Government to support the hon. Member for Newton Abbot's Company Directors (Duties) Bill to ensure businesses deliver for people, communities and the environment.