Tag: Better Business Act

We need UK business to be a force for good
Amending section 172 of the Companies Act would empower leaders to align the interests of profits and planet.

What will the new UK government do for governance?
Sir Keir Starmer has committed the Labour administration to ‘service’: by rights, that should include improving business ethics.

Many boards fail to understand directors’ duties on sustainability
Directors and senior executives feel they are ill-prepared for incoming ESG regulations, Sustainability Board survey reveals.

News round-up: this week in governance
Business responsibility; the rise of greenhushing; getting to the bottom of dual-class share structures; CEOs; Sir Win Bischoff (1941-2023).

Fresh detail for reforming Section 172
Push continues to reform company directors’ duties so that they embrace a wider circle of stakeholders.

Company law ‘should place purpose at the centre of business’
Report from the British Academy calls for new regulatory powers that would enable watchdogs to hold directors to account.

Directors’ duties: more enforcement needed to drive action on climate
Directors have a “fiduciary duty” to consider climate change risks, say experts—but legal action is unlikely unless enforcement is beefed up.

Super League debacle gives ‘fresh impetus’ to campaign for company law reform
Institute of Directors points to the collapse of the European Super League proposal as evidence of the need to reform directors’ duties.

Campaign urges reform of section 172 to promote ‘purpose of the company’
John Lewis, Innocent and the Institute of Directors are backing the Better Business Act campaign to make purpose central to section 172.