13 May, 2021

Governance centre aims to rebuild ‘professional legitimacy’ of directors

The future of AGMs, corporate purpose and stakeholder primacy were some of the topics covered at the inaugural event by the Centre for Corporate Governance.

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While the Covid-19 pandemic may not have been caused by a corporate governance failing, it has certainly shone a light on areas that need reform. This week the UK’s Institute of Directors launched a new Centre for Corporate Governance with a discussion event aimed at weeding out some of the big issues in the current age and illuminated by the pandemic. Here’s a checklist: the annual general meeting is “not fit for purpose”; governance must adapt urgently to stakeholder capitalism; businesses need to define their corporate purpose; corporates must come to terms with the quid pro quo required of having received billions of pounds

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coronavirus, corporate governance reform, Institute of Directors, IoD Centre for Corporate Governance, stakeholder capitalism, stakeholder communications, strategy