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Companies (Directors' Duties) Amendment Bill

Member's Bill
Published date: 08 Feb 2024

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.
confirmation_number Bill No.75-3
account_balance53Parliament

Progress of the Bill

Details
today

Assented on 02 Aug 2023

description

Act: Companies (Directors' Duties) Amendment Act 2023

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Royal Assent

The Governor-General formally signs the bill into law.

Resources

  • 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