Purpose at the heart of business and how to achieve it
A new report calls for radical reform of UK governance, placing six policy levers at the core of creating “purposeful” companies that would benefit both business and society. Alex Edmans explains how this could be achieved.
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UK business is at a critical juncture. Low investment and low productivity have been compounded by perceptions that their fruits are unequally shared. The government’s recent green papers on corporate governance and industrial strategy signal a serious intent to address these problems by revitalising the productivity of business, reorienting its focus on to the long term, and ensuring that it “works for everyone, not just the privileged few”.
The Purposeful Company, established in 2015 to embed purpose into business, released a Policy Report at biginnovationcentre.com that details reform in six interlocking levers to support the go
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