A new report published today aims to develop guidance for effective board action on corporate responsibility. Both the Combined Code on Corporate Governance and the new Company Law Reform Bill give directors duties related to responsible business practice.
This report outlines the challenge boards face in fulfilling them, and the actions they can take in order to do so.
The report, entitled “Rewarding virtue – effective board action and corporate responsibility” was produced by Business in the Community, FTSE Group and Insight Investment. It follows consultation with some 40 directors and company secretaries of Britain’s biggest companies on the question: ‘What should boards do to ensure companies behave responsibly, and why?’
See full Article.
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