UK Company Law must reflect the interests of affected stakeholders, not just shareholders. The Corporate Responsibility Coalition (CORE) has set out proposals aimed at providing a balanced approach to business that will benefit us all.
- Company Law should include a requirement for directors to consider, act and mitigate any negative impacts on affected stakeholders, such as employees, local communities and the environment.
- Affected communities must have access to justice in the UK, when the behaviour of UK companies abroad causes harm.
- Companies must be required to report on their social and environmental impacts and performance.