22.02.2022 NEDonBoard Online: Better Business Act & ESG as a director duty
February 22 @ 8:30 am - 9:30 amFree - £40.00
In September 2021, NEDonBoard joined the coalition supporting the Better Business Act whose objective is to amend section 172 of the Companies Act to ensure that every organisation puts balancing people, profit and planet at the centre of the purpose and responsibility of their directors. This ethos is embraced within the modern and contemporary business governance practices promoted by NEDonBoard, and it’s potential application to all directors of UK companies makes this an important session for the non-executive community, no matter the sector or size of your business.
What is the Better Business Act?:
The Better Business Act is a business-led campaign to change UK law and deliver a new contract between businesses and society. Subsection 172(1) Companies Act 2006 allows directors to consider stakeholders when making decisions, but this has to be in the course of pursuing the success of the company for the benefit of shareholders. The Better Business Act proposes to change the default position so that NEDs and board members would no longer be obliged to prioritise shareholders and would advance the interests of shareholders alongside those of society and the environment. We recommend this short pre-read ahead of the event for further context.
Join NEDonBoard and the Better Business Act to better understand the relevance of the proposed amendments to Section 172 of the Companies Act, Director Duties; considerations for your boards in becoming signatories; and what this may mean for the future of your responsibilities as a non-executive director.
Session Timings (GMT):
- 08:30 – Welcome
- 08:35 – Board level insights
- 09:00 – Audience Q&A
- 09:30 – Close
As well as perspectives from the Better Business Act, guest speakers include the eminent:
Polly Courtice, who was appointed Dame Commander of the Order of the British Empire (DBE) in 2016 for services to Sustainability Leadership. Polly is a Director of Jupiter Green Investment Trust and a Non-Executive Director of Anglian Water Services Ltd. She is a Board Advisor to the British Standards Institute and serves on the environmental/sustainability advisory boards for AstraZeneca and Nespresso. Polly was the Founder Director of the University of the Cambridge Institute for Sustainability Leadership (1989 – 2021). She was the Founder Director of The Prince of Wales’s Business & Sustainability Programme, and served as Academic Director of the University’s Master of Studies in Sustainability Leadership. She is a Fellow of Churchill College and an Honorary Fellow of Murray Edwards College, Cambridge. In 2021 she was appointed a Deputy Lieutenant for Cambridgeshire. She is a member of the judging panel for the Queen’s Award for Sustainable Development, a member of the Cambridgeshire and Peterborough Independent Commission on Climate, and a Trustee of Cambridge Past, Present and Future, a local charity dedicating to protecting and enhancing the Cambridge area and its green landscapes.
Is this event for me?:
We welcome experienced NEDs and those in development to become NEDs, of any type and size of organisation.
This event is open to NEDonBoard members (free to attend, registration required) and non-members (an attendance fee applies, registration required). Members are prioritised for this event.
Please ensure to select the relevant ticket option and complete the registration form.
Dial-in details will be distributed the day before the event.