United Kingdom · Question · Written question
HL HL2621
Takeovers: Disclosure of Information
Introduced
18 November 2024
Last action
2 December 2024 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
2 December 2024
Summary
To ask His Majesty's Government whether they plan to review the duties of public company directors about informing shareholders when they receive a serious takeover approach.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
18 November 2024
Written question
To ask His Majesty's Government whether they plan to review the duties of public company directors about informing shareholders when they receive a serious takeover approach.
Source: Lords
2 December 2024
Answer
The Government has no plans to review the duties of public company directors in relation to informing shareholders of a takeover approach. Directors owe a number of fiduciary duties to shareholders, including the need to exercise reasonable care, skill an...
Source: Written answer
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Sponsors
- · Department for Business and Trade · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2024-11-18/HL2621
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1742249
- uk · wq-1742249 · source updated 2 December 2024