Politicians lay out their policies on corporate governance as general election campaigning intensifies.
Corporate governance has entered the UK general election debate after the Labour Party said that it was a target for reform. Rebecca Long-Bailey, the Labour Party's shadow business secretary, is quoted by the BBC as saying that reform would be aimed at "short-termism". "Scandals like BHS show how the long-term growth of a company, and the welfare of its workers, can be sacrificed for short-term gain. "Labour will tackle the short-termism of some [companies] by reforming corporate governance. "We will support long-term investment and productivity growth to ensure that businesses work for the many, rather than the short-term interests of the few." Companies can also expect corporation tax to rise under Labour. Meanwhile,