Businesses who were set up digitally to work remotely during the pandemic, or had already enabled remote working, were able to operate (almost) as normal throughout the lockdowns and office closures of 2020.
The Better Business Act would amend Section 172 of the Companies Act 2006 so that companies are legally obligated to operate in a manner that benefits their stakeholders, including workers, customers, communities and the environment, while seeking to deliver profits for shareholders.
I recently considered this as I climbed a familiar track on my bike. The track is a minute from home and the start of any off-road ride for me. It is almost a mile long with an average 12% incline, often muddy and in some places 3ft deep ruts.
Your business model may not be fit for purpose. According to McKinsey, those companies who fixate only on profits will lose ground to organisations that create a strong identity that meets employees’ needs for affiliation, social cohesion, purpose, and meaning.
High Street banks are not opening new business accounts. Entrepreneur and Co-founder of MachFast, Michael Rossman, has launched a government petition and an app to help new companies during the COVID-19 pandemic.
Graeme Banister, mobility and partnerships director at community car share provider Karshare, said: “While the economy has improved this quarter, it remains volatile...
