company ownership: It said directors must take account of the communities in which they operate, and workers in their supply chain they do not directly employ, as a matter of course and not just when it benefits their shareholders as UK law currently stipulates, according to The Independent. Download the new Indpendent Premium app Sharing the full story, not just the headlines Download now One senior researcher told The Independent Britain's extreme pattern of company ownership did not lend itself to these goals and left firms open to takeovers. In a new report, the British Academy argued for a new breed of purposeful company in which directors focus more on social issues ahead of paying off shareholders. Oxford University's Colin Mayer, the project's academic lead, said The way in which it differs from most countries is that while there are also lots of institutional investors in most countries, alongside these institutional investors are, in general, people who hold substantial blocks of shares in companies. It is, in general, a family that has that block of shares. The institutions hold a very small proportion.
(news.financializer.com). As
reported in the news.
Tagged under company ownership, british academy topics.