Friday, March 21, 2008

Tories push for greater corporate responsibility


Big bosses should face pay or bonus cuts if they don't make more of an effort to tackle social problems, say Tories

The remuneration and bonus packages paid to senior executives should be linked to their employer's corporate social responsibility rather than its profits, say the Tories in a policy report unveiled today.

Under Conservative Party proposals, businesses would be required to do more to tackle social problems such as obesity, binge drinking and climate change, or face penalties, by way of pay or bonus cuts to company bosses.

The system proposed, referred to as a ‘responsibility deal’, would be voluntary, but Tory leader David Cameron did not rule out legislating if businesses failed to co-operate in the measures.

See full Article.