Part IX A Company’s Management; Directors and Secretaries; their Qualifications, Duties and Responsibilities
Other provisions about directors and officers
309 Directors to have regard to interests of employees.
1
The matters to which the directors of a company are to have regard in the performance of their functions include the interests of the company’s employees in general, as well as the interests of its members.
2
Accordingly, the duty imposed by this section on the directors is owed by them to the company (and the company alone) and is enforceable in the same way as any other fiduciary duty owed to a company by its directors.
3
This section applies to shadow directors as it does to directors.