Section 172 of the Companies Act 2006 sets out a number of general duties that directors owe to a company. These includes a general duty requiring directors to act in a way in which they consider, in good faith, will promote the success of the company for the benefit of stakeholders as a whole.
New statutory reporting requirements mean that Cora Health Ltd need to include a statement in the Strategic Report within their Annual Report explain how directors have had regard to the matters set out in section 172 (1).
Directors’ statement of compliance with duty to promote the success of the group
The board of directors consider, both individually and collectively, that they have acted in the way they consider, in good faith, would be most likely to promote the success of the group for the benefit of its members as a whole in the decisions taken during the period ended 30 June 2025, having regards to the stakeholders and members set out in s172 (1) (a-f) of the Companies Act 2006 with respect to:
- the need to act fairly as between members of the group.nal advice to ensure that members are treated fairly.
- the likely consequences of any decisions in the long term
- the interests of the group’s employees
- the need to foster the group’s business relationships with suppliers, customers, and others
- the impact of the group’s operations on the community and the environment
- the desirability of the group maintaining a reputation for high standards of business conduct; and
- the need to act fairly as between members of the group.