Section 127 (1) Statement
Under section 172 of the Companies Act 2006, the directors have a duty to promote the success of the company for the benefit of the members as a whole and, in doing so, have regard to wider stakeholder interests as follows:
a) The likely consequences of any decision in the long term
b) The interests of the company's employees
c) The need to foster the company's business relationships with suppliers, customers and others
d) The impact of the company’s operations on the community and the environment
e) The desirability of the company maintaining a reputation for high standards of business conduct
f) The need to act fairly as between members of the company
In the document below, the directors explain how they:
‑ Engage with regulators, suppliers, customers and employees
‑ Have had regard to the employee interests,
- The need to foster the company’s business relationships with suppliers, customers and others.