Now we have Theresa Mays vision on how to stamp out irresponsible behaviour in big business and force bosses to think harder about their workers. Last week the government put out its policy paper on promoting the voice of employees in the boardroom and improving the governance of British companies, including private ones.
Would-be tycoons take note. Being privately owned may not be enough to keep your business private. Politicians are pushing for all large companies to show that they live by the same standards that shape listed businesses with publicly traded shares. The subtext is about preventing a repeat of the BHS saga, the privately owned department store chain sold by Sir Philip Green shortly before it collapsed, jeopardis…
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