Freeports: Trade Unions
The question
To ask the Secretary of State for Housing, Communities and Local Government, pursuant to the Answer of 11 February 2025, to Question 28309 on Freeports: Trade Unions, whether freeport board members are subject to fiduciary duty to shareholders.
Answered by Alex Norris
Freeports are either incorporated as Companies Limited by Guarantee or sit within the governance structures of a Mayoral Combined Authority; in either case, they do not have shareholders. Freeport boards have a clear and specific remit for delivering the public policy objectives of the Freeports Programme and the resultant responsibilities of individual board members (both full members and observers) are defined in articles of association, where the Freport is incorporated, or terms of reference for the board, where it is not.
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