Think-tank issues 22 recommendations calling for change to governance, asset managers and accountancy.
Governance in the UK needs a radical overhaul with company law, accounting systems, the investment industry, shareholder structure, and executive remuneration all in need of significant change.
The recommendations come in a report from The Purposeful Company Task Force, a project set up by think-tank the Big Innovation Centre, and includes 22 changes which the report claims are necessary for the UK to lift investment, living standards and innovation.
It urges companies to state precisely "their role in the world from which profit results" in their article of association, and recommends that directors should publicly report on how they
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