Industrial strategy calls for improved reporting of capital allocation
Better reporting is needed to support “long-term” investment, says the UK government, but it is criticised for failing to mention human capital in its long-anticipated Industrial Strategy.
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The government has said it will introduce "better and more transparent" corporate reporting on capital allocations as part of its newly published industrial strategy.
The long-awaited paper also included a pledge to create a new centre of expertise for data ethics, which will advise on the "ethical, safe and innovative uses of data, including AI [artificial intelligence]."
In addition, the government will push ahead with the measures outlined in its corporate governance green paper. The statement on reporting came as part of plans to support "long-term" investment.
The report said the government would continue "to work with industry
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