Pricing in bad behaviour

Barclays’ boss is being investigated by two regulators: the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). The reason seems to be that the CEO wanted to uncover the identity of a whistleblower within the bank.

Of course this is quite contrary to the bank’s own policies on the matter, as set out . . . → Read More: Pricing in bad behaviour

How much is a human being worth?

Over recent months the government has declared that employees (including bosses) should be neither over-paid nor under-paid. That’s fine – but how do you judge what is too much or too little?

It turns out that at the top, the level of pay for CEOs currently bears no relationship to performance, as measured by return . . . → Read More: How much is a human being worth?

The press cannot regulate itself

The main mass circulation UK newspapers have set up IPSO to regulate themselves. Everyone else wants something independent of the newspapers to regulate the industry. The main alternative proposal is Impress, supported by Max Mosley and the Rowntree Trust.

The newspapers say that if anyone else controls them it could mean the end of press . . . → Read More: The press cannot regulate itself

Where does everything come from?

And for that matter, where does everything go?

We live in a world with global supply chains and apparently bottomless consumption. The demands of the market are that companies get stuff and sell it – but they do not often remember where it came from and perhaps don’t much care where it goes. So to . . . → Read More: Where does everything come from?

Brexit after Brexit

Now that Brexit is on its way, everyone is trying to work out what it means. I believe the most profound implications are not about the re-configuration of the UK’s political parties, or the length of time withdrawal may take, or the possible economic impact – or even the fragmentation of the United Kingdom.

The . . . → Read More: Brexit after Brexit

Is Plan A a stitch-up? Or just over-spun?

Labour Behind the Label has released a report that criticises the achievements of H&M and M&S in their clothing supply chains.

M&S in particular comes off in a bad light. Its 2010 Plan A commitment to deliver a living wage appears to have failed. What the report establishes is that workers in key parts of . . . → Read More: Is Plan A a stitch-up? Or just over-spun?

Supplier abuse

Tesco has been roundly criticised by the Grocery Code Adjudicator over its treatment of suppliers. The adjudicator investigated “the length of time taken to pay money due to suppliers, unilateral deductions from suppliers and an intentional delay in paying suppliers”. The findings leave no doubt that Tesco was engaged in substantial supplier abuse. In fairness . . . → Read More: Supplier abuse

Can you audit your way out of slavery, or do you have to pay the price?

Channel 4’s report on conditions for fruit packers reveals regular, awful treatment of the workers supplying the supermarkets.

No doubt all the supermarkets’ suppliers are regularly audited to guard against just this sort of exploitation. So what has gone wrong? The immediate answer is that the ‘unannounced, random audits’ were not nearly random or unannounced . . . → Read More: Can you audit your way out of slavery, or do you have to pay the price?

SROI – at the awkward adolescent stage?

The SROI methodology for valuing impacts is coming of age. But it is a difficult age which begs important questions. The biggest question is perhaps the presumption that a valuation can be achieved through assigning quantitative financial values to any kind of impact.

After that, perhaps the next most important is: what should it be . . . → Read More: SROI – at the awkward adolescent stage?

Is reporting child's play?

The ACCA has recently published a report on the reporting of child rights issues, in which I was involved.

The abuse of child rights is one of the most serious issues that a company can face. More than any other it has the potential to bring down any organisation associated with it. That is because . . . → Read More: Is reporting child's play?