Academics and experts argue stakeholder governance will always come second while the law puts the interests of shareholders first.
FRC awaits powers for audit reform; CEO transferable skills ‘myth’; Asos cuts CEO bonus; compliance can stifle innovation.
Push continues to reform company directors’ duties so that they embrace a wider circle of stakeholders.
A formal code of conduct for company directors would signal their willingness to apply high ethical standards in governance and leadership.
Institute of Directors says a voluntary code would “articulate standards for directors” without adding to the “burden” of regulation.
P&O Ferries CEO faces MPs; President Biden and NCSC warn over cyber attacks; and Institute of Directors launches diversity commission.
IoD disappointed over Wates Principles adoption; Allianz demands ESG KPIs are linked to executive pay; Denise Coates takes a pay cut.
Report for the Institute of Directors says boards need to integrate ESG into strategy and operations as a response to climate concerns.
“It is not for government to second guess what is appropriate for each business,” says the IoD, after the PM criticised remote working.
John Lewis, Innocent and the Institute of Directors are backing the Better Business Act campaign to make purpose central to section 172.