The Institute of Directors has launched call for evidence in an area that might be of interest:
This inquiry will focus on the impact of governance on innovation, not the full range of factors that influence companies’ decisions and behaviour. The purpose is to explore the extent to which companies’ governance arrangements and the governance framework within which they operate encourage or deter innovation, and to identify good practices that – if more widely adopted – can help good governance to become an active driver of sustainable value creation.IoD Centre for Corporate Governance.
The area I’ll be keen to hear more on is around regulation – here are three of the questions they’ve put out – discuss:
- Would a change to directors’ duties as proposed by the Better Business Act campaign have any impact on directors’ attitude to innovation?
- Is there anything in the existing governance rules and codes, or other regulation, that has the effect of inhibiting innovation?
- Apart from rules and codes, are there any actions regulators and policy makers could take to encourage innovation?