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PART 9Corporate parenting

59Planning by corporate parents

(1)A corporate parent must—

(a)prepare a plan for how it proposes to exercise its corporate parenting responsibilities, and

(b)keep its plan under review.

(2)Before preparing or revising a plan, a corporate parent must consult such other corporate parents, and such other persons, as it considers appropriate.

(3)A corporate parent must publish its plan, and any revised plan, in such manner as it considers appropriate (and, in particular, plans may be published together with, or as part of, any other plan or document).