GNDI is an international collaboration that shares expertise in directorship and corporate governance. GNDI collectively represents more than 130,000 individual directors and governance professionals. It aims to develop and promote leading practices and programmes that enhance the capability of directors to drive sustainable performance for the benefit of shareholders, the economy and society.
📢 The SME Export Taskforce paper is out today!
We are delighted to have played a key role in the The Labour Party’s SME Export Taskforce, under the leadership of the FSB Westminster (Federation of Small Businesses).
With only 10% of SMEs currently exporting, the need for action is clear.
So, what can we do to encourage more small firms to export? 🤔
The paper sets out five clear missions:
✈️ Trade needs to be a priority across all Government departments.
🚢 Small firms need transparency when it comes to exporting.
🚂 Make paperless transactions the norm across the whole supply chain.
🚚 Give small firms strong support from their first day of trading.
💲 Access to trade finance should be easier.
📝 We were particularly pleased to have been able to set the Taskforce’s recommendation for measuring success.
➡ This recommendation came directly from our paper ‘Setting a Meaningful Export Target for Britain’: https://lnkd.in/d7ApRZGn
Read the full SME Export Taskforce paper below ⤵
#SMEs#export#accesstofinance#ukgovernment#ukeconomy#supplychains#transparency
Should there be a Code of Conduct for Directors of organisations?
I say yes - what about you?
The Institute of Directors (IoD) has developed a fantastic draft Code of Conduct, led by Lord Iain McNicol, and using the #NolanPrinciples for inspiration, that is currently out for consultation with the business community and general public till 16th August.
Personally, I think this is a superb initiative that meets a real need for how we hold business leaders to account for HOW they are managing their organisations.
It is structured around 6 key "Principles of Director Conduct":
1️⃣ Leading By Example - demonstrating exemplary standards of behaviour in personal conduct and decision-making.
2️⃣ Integrity - acting with honesty, adhering to strong ethical values, and doing the right thing.
3️⃣ Transparency - communicating, acting and making decisions openly, honestly and clearly.
4️⃣ Accountability - taking personal responsibility for actions and their consequences.
5️⃣ Fairness - treating people equitably, without discrimination or bias.
6️⃣ Responsible Business - integrating ethical and sustainable practices into business decisions, taking into account societal and environmental impacts.
Underpinning each Principle are specific "Undertakings" that clearly indicate what demonstrating that principle should look like.
These lead to outcomes that I think we can all agree are desirable... respect, reputation, confidence, trust, relationships, legitimacy and resilience.
✔ Personally I'm a big fan of how this has been structured, because it gives clear guidelines for Directors to check themselves against.
✔ I'm also very glad to see that social and environmental sustainability has been woven in.
But I also agree with the things that it DOESN'T do, like:
❌ It does not suggest Directors should NEVER make bad decisions. Mistakes are inevitable, but how you handle them matters.
❌ It does not restrictively define HOW Directors should make decisions, or indeed what decisions they should be making.
What do you think of this Code of Conduct?
Do you think all Directors should have to sign up to it (or something like it)?
Make your voice heard at the link to the consultation in the comments...
#Directors#Governance#CodeOfConduct#DecisionMaking#Consultation