One tiny little clause in a great big bill has got the business community in an uproar. The government amendment to the companies bill would require all UK listed companies to provide details about their supply chain and social responsibility in their annual reports.
Lined up against the provision are the Council for Business and Industry (CBI), the Institute of Directors (IoD) and Quoted Companies Alliance (QCA).
Never have so many initials opposed so few words. It is hard to see how they can stand!
Personally I don't think the provision goes nearly far enough. If we are to be educated consumers and use our behaviour to influence that holy of holies, "the market" (as I am sure all of the above wish us to do) then the provision should hold for limited companies (above a certain threshold of sales or capitalisation) as well as PLCs. How else can we make intelligent, informed decisions?
Lined up against the provision are the Council for Business and Industry (CBI), the Institute of Directors (IoD) and Quoted Companies Alliance (QCA).
Never have so many initials opposed so few words. It is hard to see how they can stand!
Personally I don't think the provision goes nearly far enough. If we are to be educated consumers and use our behaviour to influence that holy of holies, "the market" (as I am sure all of the above wish us to do) then the provision should hold for limited companies (above a certain threshold of sales or capitalisation) as well as PLCs. How else can we make intelligent, informed decisions?
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