Trust in business and, in particular, trust in those who manage business, is at a very low ebb. Politicians and the press have cast doubt on the degree to which directors actually regard the interests of those other than shareholders—employees, suppliers, customers and others—who can collectively be described as "stakeholders". With the recent BHS debacle, we can now see pensioners added to that list.
Section 172 of the Companies Act 2006 requires that a company director “must act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing
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Climate change has placed a premium on moving to sustainable business models and a low-carbon economy. The task will need “positivity of purpose“ and “informed assessment“ of climate risks, writes Tom Delay of the Carbon Trust.