FRAs news of a the coronavirus began to emerge, few, if any were predicting a crisis on the scale of the Covid-19 pandemic. Many businesses have had to radically alter operations. This has been a huge challenge. Difficult decisions have been made, and made fast. One factor that can make such difficult decisions easier is…
Author Archives: goodcorporation
Few businesses, if any, will be unaffected by the Covid pandemic. While crisis management and compliance may not be natural bedfellows, managing compliance risks will be vital if organisations are to be properly protected. The business response to Covid-19 is under considerable scrutiny, getting this right could have a long-term impact on reputation and sustainability….
The call to ‘build back better’ as we emerge from the pandemic has come from many quarters, including the United Nations, World Health Organisation, the Mayor of New York and the director-general Confederation of British Industry. GoodCorporation discussed the role of business in helping to build back better with Jennifer Nadel, barrister, journalist and co-founder of Compassion in Politics. Prior to the…
Since the start of the pandemic, billions of dollars have been sent to developing countries by multilateral development banks (MDBs) and financial institutions to provide the resources necessary to manage immediate health needs, but also to address the longer term economic and social impacts of the pandemic. The World Bank Group has pledged $160 million…
Among the many consequences of the coronavirus pandemic is the reminder that business has a societal as well as an economic purpose. As the scale of the pandemic rapidly unfolded, a spotlight shone on societal purpose, in particular the steps companies were able to take to help their communities cope with the crisis. Media Scrutiny…
In a comment piece for Ethical Corporation Michael Pollitt argues that amendments to the UK Environment Bill could plug the current implementation gaps in the Modern Slavery Act. A new clause tabled for addition to the Environment Bill would force the government to publish legislation within six months imposing a duty on corporations to identify…
Coping with the Coronavirus will require enhanced vigilance by compliance teams. As boards and senior executives navigate the way forward with their focus on sustainability and financial resilience, compliance officers must ensure they stay at the forefront and visible. In a crisis situation there is a temptation to think that normal rules no longer apply….
GoodCorporation’s first debate of 2020, introduced by Ed Wheatley, Legal Director ABC Compliance, TechnipFMC, explores the changing corruption landscape. The subject was introduced by highlighting some of the key facts of the recent Airbus prosecution. Ed summarised the familiar aspects of the prosecution and highlighted where the landscape is changing. The familiar: The new landscape:…
Having launched new governance principles for large private companies, listed businesses and most recently asset managers and owners, all of which come into effect this year, the Financial Reporting Council has also announced a major shake-up of its own remit. With the first reports under both the Wates Principles and the UK Corporate Governance Code…
