The protection of human rights and the environment from corporate abuse is a serious challenge in the 21st century. But will redefining the “purpose” of corporations ensure that their actions align with the interest of people and planet?
On 11 June 2018, the Government tabled new reporting requirements for large companies. Companies will now have to publish the ratio between their CEO pay and the pay of their average worker.
The new law also requires directors to report on how they have had regard to the interests of other stakeholders, including employees and[…]
CORE, and NGOs REDRESS, Kituo Cha Sheria and the African Coalition for Corporate Accountability, have written to Unilever CEO Paul Polman to express their concern with how Unilever is handling a case brought by tea workers in Kenya who suffered horrific abuses under their watch.
Unilever UK argue that they have very little to do with[…]
The Home Secretary says there are ‘no excuses’ for businesses not to meet the gender pay gap reporting deadline. It’s time for Government to send the same message on modern slavery.
Today all private sector companies with 250 or more employees must have published details of their gender pay gap. Last week the deadline passed for[…]
Sanctions for asset stripping and individual director accountability for presiding over corporate failures are long overdue. But too many company boards continue to prioritise short-term profit over long-term value creation. A positive obligation on directors to take steps to prevent serious impacts on employees, suppliers, customers,[…]
Yesterday, Leigh Day solicitors acting on behalf of Bail for Immigration Detainees (BID) launched formal legal action against the UK government in an attempt to force it to designate security company G4S a ‘High Risk’ strategic supplier in the wake of a number of catastrophic failings.
These failings, many of which were highlighted[…]
Today the Government published its response to the Corporate Governance Green Paper consultation.
Over the weekend, proposals on executive pay captured the headlines. Government has backed away from giving shareholders a binding vote on executive pay, but plans instead to establish a public register of companies that have experienced a shareholder revolt – defined as a one-fifth vote against proposed top pay packets.
Over a year in, the Sustainable Development Goals show no sign of losing momentum. Ruth Mhlanga reflects on how businesses can support the SDGs to create a world free from poverty without breaking the planet.
Blog by Ruth Mlanga, Oxfam Private Sector Policy Advisor
CORE welcomes the government’s announcement that it is considering requiring private companies to report on diversity, greenhouse gas emissions, and social and community issues.
CORE and our partner organisations have been pressing for the government to make private companies publish this information since 2014, when new European[…]