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Accountable Capitalism Legislation

EDM number 1717 in 2017-19, proposed by Karen Lee on 17/10/2018.
Categorised under the topic of Companies.

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.

This motion has been signed by a total of 16 MPs.

Karen Lee17/10/2018LincolnLabourProposed
Chris Stephens18/10/2018Glasgow South WestScottish National PartySeconded
Hannah Bardell22/10/2018LivingstonScottish National PartySeconded
Alan Brown22/10/2018Kilmarnock and LoudounScottish National PartySeconded
Jim Cunningham22/10/2018Coventry SouthLabourSeconded
Chris Law22/10/2018Dundee WestScottish National PartySeconded
Kelvin Hopkins22/10/2018Luton NorthLabourSigned
Hugh Gaffney23/10/2018Coatbridge, Chryston and BellshillLabourSigned
Stephen Gethins23/10/2018North East FifeScottish National PartySigned
Peter Bottomley24/10/2018Worthing WestConservativeSigned
Mike Hill24/10/2018HartlepoolLabourSigned
Ruth George25/10/2018High PeakLabourSigned
Edward Davey25/10/2018Kingston and SurbitonLiberal DemocratSigned
Drew Hendry06/11/2018Inverness, Nairn, Badenoch and StrathspeyScottish National PartySigned
Angus MacNeil19/11/2018Na h-Eileanan an IarScottish National PartySigned
Pete Wishart21/11/2018Perth and North PerthshireScottish National PartySigned

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