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Companies (Directors' Duties) Amendment Bill
Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.
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.MP in charge
Camilla BelichBill No.75-3
53Parliament
Progress of the Bill
Details
Assented on 02 Aug 2023
Act: Companies (Directors' Duties) Amendment Act 2023
Royal Assent
The Governor-General formally signs the bill into law.
Bill () [ MB]
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Member(s) in charge: Camilla Belich Type of Bill: Member's Parliament: 53 Bill no: 75-3 Introduction: 22 Sep 2021 First reading agreed: 08 Nov 2022 Referred to: Economic Development, Science and Innovation Submissions due: 16 Jan 2023 Select Committee Report(s): Companies (Directors Duties) Amendment Bill - 07 May 2023 Second reading agreed: 07 Jun 2023 Committee of the whole House concluded: 26 Jul 2023 Third reading agreed: 01 Aug 2023 Royal assent: 02 Aug 2023 Act: Companies (Directors' Duties) Amendment Act 2023