Think-tank Tomorrow’s Company calls for a change in approach to governance, as it believes reforms are distracting boards from investing for the long term.
Future reforms to governance could “compound” the problem that UK company boards are bogged down in risk mitigation and compliance monitoring, rather than supporting executives in investing for the long term, a think-tank warns.
The report, conducted by Tomorrow’s Company, says that boards are “weighed down” with 25 years of reforms following a succession of corporate scandals. The answer, it says, is for investors to shift their focus from quarterly results to stewardship; that the government should move its emphasis from preventing scandals to encouraging long-term investment; and that non-executives should be more focused on sup
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While recent speeches by Philip Hammond and Mark Carney—and a Greenpeace protest—have helped to focus attention on climate reporting, a status report from the Task Force on Climate-related Financial Disclosures says more needs to be done.