Watchdog warns that many firms are failing to fully consider the importance of purpose to culture and strategy, or take stakeholder views into account.
UK companies are struggling with defining their purpose and “greater focus” is required on sustainability, stakeholder engagement, diversity and the importance of corporate culture, according to a report from Britain’s governance watchdog.
The report, from the Financial Reporting Council (FRC), on performance against the 2016 UK Corporate Governance Code and its revision in 2018, also found that a quarter of FTSE 100 chairs have served more than the recommended nine years.
According to the FRC’s chief executive, Sir Jon Thompson, good examples of high-quality reporting against the codes, were present. The review only looked at e
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Workers who are wrongly classified as self-employed contractors can claim back pay in respect of unpaid annual leave going back many years when their “worker” status is established, the European Court of Justice (ECJ) has ruled.
One of the world’s largest investment companies is formed following the merger of Standard Life and Aberdeen Asset Management. Co-chief executive Keith Skeoch says the new business will focus on improving boardroom standards.