Tuesday, 17 May 2016
UK: The purposeful company task force publishes interim report and seeks views on wide-ranging options
The Purposeful Company Task force - formed within the Big Innovation Centre, under the direction of the Purposeful Company Steering Group - has published its interim report: see here (pdf). The purpose of the report, to quote directly from it, is to argue for better conditions to allow companies to increase long-term value creation. The report does not contain recommendations, but instead invites views on 21 policy options grouped under the following headings: business implementation and remuneration; corporate governance and commitment devices; blockholding, monitoring and engagement; strengthening the capabilities of asset owners; and reversing the decline of British equity ownership A summary of the options (with information about making a submission) is available here (pdf).