Tag: British Academy
Governance experts call for change in corporate law
Board duties should go ‘beyond their traditional role of representing shareholders’ interests’, writes a group of 15 academics.
News round-up: this week in governance
COP27 call for climate change transition plans; putting purpose at the heart of business; a disappointing take on diversity Down Under.
Corporate efforts to define their ‘purpose’ fail to convince employees
Survey finds most staff believe their company has changed little or not at all since setting out a purpose.
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.
Company purpose is more than a marketing slogan—it’s a new philosophy
Embedding company purpose requires businesses to think about every process their organisation operates—and accept that there will be trade-offs.
Business leaders want incentives to spur switch to ‘purposeful’ companies
British Academy study reveals 63% of firms are taking steps to become more purposeful, while 55% think there should be government incentives.
What’s a company for? An answer from Ancient Greece
An imagined dialogue between Milton Friedman, the economist who has come to represent the shareholder primacy world view, and Socrates.
Business ‘will fundamentally change’ as result of Covid-19 crisis
Professor Colin Mayer says business is experiencing an “existential crisis”—and firms that can define their purpose will come out on top.
No more business as usual: Professor Colin Mayer, Saïd Business School
The British Academy fellow on how business purpose has moved from the slipstream to the mainstream—and how firms with defined values are best placed to survive the current pandemic.
British Academy issues principles to ‘put purpose at the heart of business’
The framework aims to guide companies and lawmakers towards policies and practices that help “profitably solve the problems of people and planet”.