“Through the Better Business Act campaign, we are aiming to change UK law to make sure every single company in the UK, whether big or small, puts balancing people, profit and planet at the heart of their purpose and the responsibilities of their directors.” Douglas Lamont, CEO of innocent and Co-Chair of the BBA.
Today, the BBA campaign heads to parliament and seeks to change section 172 of the Companies Act. The proposed revised section 172 is detailed here.
Many organisations in the FE sector are registered companies or have company subsidiaries, where members of the senior leadership team and indeed some governors and the governance professional are directors and/or officers of the company, and therefore this change is pertinent to many in the sector.
More information about this campaign can be found here.