In many jurisdictions there has been a considerable increase in focus on corporate governance issues in recent years. In particular, additional requirements have been introduced, or are being proposed, to the corporate governance landscape that seek to further widen social and stakeholder goals. This reflects an acknowledgement of the important role played by businesses both domestically and internationally.
In the UK this trend has manifested itself in a renewed focus on the role of business in society. This has been driven, at least in part, by a number of actual or perceived corporate failures. Much of the discussion has focused on corporate purpose and how companies
should take into account the interests of their wider stakeholders (including the workforce, customers and suppliers), rather than simply be run in a way that is perceived to favour only shareholders.
The contents of this publication, current at the date of publication set out above, are for reference purposes only. They do 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 any action based on this publication.
© Herbert Smith Freehills 2020