Posted Thursday 8th April 2021
Joelson joined the Better Business Act (BBA) coalition because we believe the world needs every business at its best – creating good jobs, helping to fix pressing problems and adding value to society.
We are joining hundreds of businesses calling for a straightforward legislative solution: the BBA will amend section 172 of The Companies Act to ensure that company directors are responsible for advancing the interests of shareholders alongside those of wider society and the environment.
This will ensure that every company in the UK (of any size) puts balancing people, profit and the planet at the heart of their purpose and the responsibility of their directors. This is driven by companies who recognise that the law has fallen behind business culture. The BBA is about transforming the way we do business so that companies take ownership of their social and environmental impact.
The COVID crisis, the climate emergency and social inequality are profound and pressing problems that can only be solved if businesses harness together.
We believe that the BBA is a unique opportunity to demonstrate UK leadership on the global stage – creating a competitive advantage, driving innovation, accelerating progress to net zero, and aligning with the government’s ambition to build back better.
This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.