| Heading: |
Takeovers: Disclosure of Information |
| Question ID: |
1742249 |
| UIN: |
HL2621 |
| House: |
Lords |
| Date tabled: |
2024-11-18 |
| Asking Member ID: |
1132 |
| Asking Member display name: |
Lord Lee of Trafford
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| Asking Member handle: |
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| Asking Member Twitter reference: |
Lord Lee of Trafford
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| Member interest: |
false |
| Question text: |
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. |
| Is named day: |
false |
| Date of holding answer: |
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| Date answered: |
2024-12-02 |
| Date answer corrected: |
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| Is holding answer: |
false |
| Is correcting answer: |
false |
| Answering Member ID: |
3792 |
| Answering Member display name: |
Baroness Jones of Whitchurch
|
| Answering Member handle: |
WhitchurchGirl
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| Answering Member Twitter reference: |
@WhitchurchGirl
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| Correcting Member ID: |
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| Correcting Member display name: |
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| Correcting Member handle: |
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| Correcting Member Twitter reference: |
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| Answer text: |
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... |
| Original answer text: |
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| Comparable answer text: |
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| Answering body ID: |
214 |
| Answering body name: |
Department for Business and Trade |
| Tweeted: |
true |