GoodCorporation debate at the House of Lords

At a debate organised by GoodCorporation at the House of Lords on 20 May 2009 Will Hutton, Vice-Chair of the Work Foundation spoke on corporate governance and corporate responsibility. Will said that companies need to have a much clearer statement of their purpose which should be challenged and agreed by more active non-executive directors. He criticised current notions of CSR which he said could distract companies from focusing on their core purpose. He lamented the last minute changes that were made to the operating and financial review which he felt had missed an opportunity to embed better long-term thinking into business.