Good companies can do bad things
Sir, We welcome a call for greater corporate responsibility from a UK party leader (Miliband’s business crusade draws fire, September 28) but worry that Mr Miliband is being overly simplistic in believing that lists of “good” and “bad” companies might easily be produced even with an overhaul of corporate governance.
Company structures are value-neutral creations; it is the actions that business takes that have positive or negative impacts.
What is needed is an undertaking from current or future UK governments also to intervene when an otherwise acceptable company does a very bad thing – such as the decision by Vodafone to close its Egyptian network at the end of January this year when its customers were most at need.
Institute for Human Rights and Business
This letter was published in the The Financial Times on Thursday 29th September 2011.
The Good, The Ad, and the Ugly: How not to prepare ad campaigns on human rights and business - IHRB Commentary by Salil Tripathi, Policy Director, 06 Jun. 2011
How businesses have responded in Egypt - IHRB Commentary by Salil Tripathi, Policy Director, 07 Feb. 2011
Human Rights due diligence will be vital for companies - Letter by IHRB Exec. Dir. John Morrison, 02 Feb. 2011
How should Internet and Phone Companies respond in Egypt? - IHRB Commentary by Salil Tripathi, Policy Director, 01 Feb. 2011