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ACCOUNTABLE CAPITALISM LEGISLATION

EDM (Early Day Motion) 1717: tabled on 17 October 2018

Tabled in the 2017-19 session.

This motion has been signed by 17 Members. It has not yet had any amendments submitted.

Motion text

That this House takes note of the proposals of American Senator, Elizabeth Warren on accountable capitalisation to make businesses more accountable and socially beneficial; believes that the proposals to increase the voice of employees on corporate boards and take into account the public good would be a hugely beneficial change to the current model of capitalism; supports the principle of those proposals in seeking to address the deficiencies of the current regulations on big business regarding the promotion of responsible and socially beneficial behaviour by large corporations, particularly multi-nationals; supports the introduction of similar legislation in the UK; further notes that under current UK regulations, companies must prioritise shareholder returns over all other considerations; believes that requiring companies to also take into account the wellbeing of their employees, the social impact of their business, its impact on wider economic stability and its impact on the environment would be hugely beneficial to the economy, society and environment, as well as being good for businesses; and calls for changes to the UK's regulatory regime to be put in place to require corporations to take into account their employees, the environment and the wider society, as well as shareholder returns.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

There are no withdrawn signatures for this motion.