Sir Jon Thompson argues there is no need to introduce B-Corp status in the UK, saying companies are already “moving in the right direction”.
Does the UK need a new corporate form to cope with the demands of climate change and sustainability? Not according to the country’s chief governance and corporate reporting regulator.
Sir Jon Thompson, chief executive of the Financial Reporting Council, says the country already has the means in place to shepherd companies towards responsibilities other than financial performance and there is no necessity for the introduction of a "public benefit corporation", or B-Corp, legal status.
The statement comes after Sir Jon gathered with other experts to discuss the future of corporate governance at the think tank Chatham House. The gatherin
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