UK prime minister Theresa May has criticised the decision to remove Uber’s licence to trade in London for corporate responsibility reasons, while on the same day calling for the highest standards of governance.
Theresa May has committed Britain to the highest levels of corporate governance while on the same day remarking that the removal of Uber's licence to trade in London was "disproportionate".
Uber was told last week by Transport for London, the licensing authority, that its business permit would not be renewed at the end of September because of concerns about "corporate responsibility".
The prime minister said yesterday that the decision threatened the livelihoods of 40,000 drivers and service to millions of customers.
Speaking on BBC London, Theresa May said: "Yes there are safety concerns and issues for Uber to address, but what I wa
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Boards of banks face an increasingly broad array of responsibilities when managing foreign subsidiaries, ensuring the parent company has control and oversight without sacrificing independence or creating a culture of complacency.
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