In their election manifesto, the Conservative Party stated its commitment to “strengthening the UK’s corporate governance regime.” We explore what’s happened to date and take a look at some recent proposals for corporate governance reform.
In this blog, Dr, Dalia Palombo explains what the ‘Future of the Corporation’ Programme has in common with business and human rights, including mandatory human rights due diligence.
It is pretty clear that if we are to change society for the better and to tackle the climate emergency we need to challenge much more radically what it means to be a business, writes Lucy Findlay MBE, founding Managing Director of Social Enterprise Mark CIC, the international social enterprise accreditation authority.
For the last few days, the members of the most exclusive club in the world, the G7, have been meeting by the seaside. Supposedly, top of the agenda was fighting inequality – but research concludes that the policies G7 members are pursuing are making it a whole lot worse, writes Alex Maitland of Oxfam.
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[…]
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.