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.
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.
