Calls to end pursuit of profit go too far, says John Lewis boss
The TelegraphEfforts to force companies to pursue a wider social purpose “go too far”, the boss of John Lewis said last night. Dame Sharon White rejected calls for a change in legislation that would require firms to advance the interests of society and the environment as well as delivering returns for shareholders. My own view is that that is a step too far.” Her remarks came despite John Lewis Partnership being listed as a “supporter” of the Better Business Act campaign, which is fighting for the Companies Act to be amended. “And proponents, and I count myself in this, argue that doing good and doing well should, must, and can go hand in hand.” Dame Sharon has been spearheading a turnaround of the employee-owned mutual, which also includes Waitrose as well as John Lewis.
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