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commentary

A Decent Silence?

Sir David Walker’s report on private equity suggests a voluntary code will be enough to ensure we know what is going on within such firms. But it is not apparantly envisaged to be a voluntary code with any sanctions attached.

However we should know what is going on within such companies.  The moral case for disclosure results from the huge impact such companies have on their stakeholders. And with 8% of the workforce employed by private equity, that case could hardly be clearer.

So why should private mean private?

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commentary

Investment in Responsibility

The UN is backing an initiative to encourage investors to consider environmental and social issues in their analysis of companies. Will we know whether this makes a difference? According to the principles, those investors who sign up to this voluntary initiative will have to report on the implementation of the principles. Who will sign up? How will they report?

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commentary

NGOs at the root of the solution

The European Comission is proposing a voluntary code for NGOs to combat terrorism. While it is perhaps a good idea to keep an eye on organsiations whose trustees don’t know what the organisation is doing, it is perhaps not such a good idea to stigmatise organisations which aren’t charities but which are acting charitably – which is what seems to be proposed. On top of that there seems to be confusion as to whether this is a checklist for the police, a code of practice or a labelling scheme. I am sure the coming consultation will kick it into touch…meanwhile, what about a code for companies?