The Morning Risk Report: U.K. Raises Game on Social Impact Investing

Besides attempting to link a company’s agenda to its impact on the wider society, the governance code review will try to “reaffirm public trust in business,” said Oliver Parry, corporate governance director at Morrow Sodali. “It’s the right thing to do, and also the only way—the government clearly isn’t going to introduce legislation any time soon,” said Mr. Parry to Mara Lemos-Stein of Wall Street Journal, commenting on the Financial Reporting Council, an independent regulator for audit, accounting and reporting,  that will launch a consultation to update the U.K. governance code by the end of this month.

The entire article can be read on the WSJ website - behind a paywall - at this link.