Tag: section 172
Think tank calls for governance reform to encourage progress on employee pay
The Social Market Foundation wants changes to Section 172 to make directors responsible for employee pay and ensure workers “share in the proceeds of growth”.
Review of UK code will focus on section 172 duties
A ‘fundamental’ review of the UK corporate governance code will target elements of the Companies Act 2006, which asks directors to consider the long-term impact of decision-making and the interests of employees.
Directors could ‘improve’ contact with wider stakeholders
One in ten of those polled believe engagement with their wider stakeholder group could be improved, while directors could benefit from time spent in the communities in which their companies operate.