<Li> the impact of the company's operations on the community and the environment </Li> <Li> the desirability of the company maintaining a reputation for high standards of business conduct, and </Li> <Li> the need to act fairly as between members of a company </Li> <P> This represents a considerable departure from the traditional notion that directors' duties are owed only to the company . Previously in the United Kingdom, under the Companies Act 1985, protections for non-member stakeholders were considerably more limited (see for example, s. 309 which permitted directors to take into account the interests of employees but which could only be enforced by the shareholders and not by the employees themselves). The changes have therefore been the subject of some criticism . </P>

Who appoints the managing director of a company