Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

The General Election is a perfect ‘Window of Opportunity’ for Better Business Act Campaigners

by May 17, 2024
May 17, 2024
The General Election is a perfect ‘Window of Opportunity’ for Better Business Act Campaigners

The forthcoming election presents a significant opportunity to rethink the role of business in society, according to Chris Turner, campaign director of the Better Business Act.

Speaking to a Barbican audience during a panel event celebrating the third Better Business Day, Turner emphasised the potential for the Better Business Act to fundamentally change how firms engage with their stakeholders.

The Better Business Act seeks to amend Section 172 of the Companies Act, which currently outlines the responsibilities of company directors. The proposed changes aim to empower directors to make decisions that consider the interests of people, the planet, and profit, rather than focusing solely on profit.

Holly Branson, Virgin’s chief purpose officer and a long-time supporter of the Better Business Act, spoke about the positive impact of embedding purpose within her multi-billion pound business. She highlighted the implementation of a “purpose filter” at Virgin, ensuring that only decisions aligned with their purpose proceed.

Branson was joined on the panel by ethical consumer and fashion campaigner Safia Minney, and Josephine Phillips, founder and CEO of Sojo — a company providing easy repair solutions for pre-owned items. Phillips noted that changes to the Companies Act would contribute to a cultural shift in businesses, reflecting the global challenges faced today.

New research by B Lab UK, the organisation behind the B Corp movement and the Better Business Act, shows strong public support for the proposed changes. According to the data, 76% of the UK public believe that company law should be amended to give businesses a legal responsibility to prioritize people and the planet alongside making a profit.

The Better Business Act also enjoys robust support from the business community, with nearly 3,000 organisations backing the initiative, including Tony’s Chocolonely, Iceland, the Institute of Directors, and Lucky Saint.

Read more:
The General Election is a perfect ‘Window of Opportunity’ for Better Business Act Campaigners

0
FacebookTwitterGoogle +Pinterest
previous post
Is This The Magic Upward Break Everybody Was Waiting For?
next post
HMRC Seeks Another Bite in ‘Mega Marshmallow’ Tax Case

You may also like

Virgin hails green light to challenge Eurostar as...

April 1, 2025

6 Things You Can Do As A Young...

October 3, 2022

1 in 5 businesses admit to greenwashing with...

October 5, 2022

London City Airport expansion approved as Rayner overrules...

August 20, 2024

A Complete Guide to Email Marketing Services

August 19, 2022

Embracing cloud services without breaking the bank

December 28, 2022

Laser Eye Surgery- Life without Contact Lenses and...

December 20, 2024

Microdosing Truffles

November 27, 2024

Businesses representing over 1M employees urge Chancellor to...

September 5, 2023

High court quashes rules letting agency workers cover...

July 14, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved