Skip to main content

FSB welcomes proposal to put small business champions on boards

01 Dec 2016

The Federation of Small Businesses (FSB) has welcomed the government’s new Green Paper on corporate governance, which includes a proposal for large companies to appoint a Non-Executive Director to champion small suppliers at board level.

The Green Paper – entitled Corporate Governance Reform – was instigated following negative stories about high levels of executive pay and scandals at large corporations.

It contains a raft of proposals for consideration, including publishing pay ratios – which would show the gap in earnings between the chief executive and an average employee – and measures to give shareholders more powers to vote against executive pay packages. Of particular interest to small businesses is the measure to give suppliers a voice on the boards of major corporations.

Mike Cherry, National Chairman of the FSB, welcomed the government’s other Green Paper plans to combat ‘supply chain bullying’ and improve prompt payment.

He said: ‘FSB has been pushing hard for this reform, and we will now work to flesh out how this could work in practice. Small businesses right across the country will want to see this proposal adopted, so that whole Boards own a company’s payment practice and are held accountable for it. In our view, this issue lies at the very core of good corporate governance, and is required alongside reforms to transparency and the proposed Small Business Commissioner.’

The Green Paper can be found here.

100% Client Satisfaction Guarantee

At Arlington we love what we do. As proof of this, our staff will do everything to ensure that you receive the best, most reliable and professional service on the market.

LEARN MORE

Happy Clients

  • "Arlington offer sound business advice and have helped us to increase our turnover this year, whilst reducing our tax bill."
    Mr J McGillivray JM Yachting Limited.
  • "A big thank you to David and the rest of the team at Arlington. Always friendly and reliable. My accounts are dealt with quickly and efficiently and most importantly accurately. Something that wasn't happening when I was tying to produce them myself."
    Mr A Gilchrist Warrior Contracting Limited
  • "With our company growing, we are always getting into various situations where Arlington Accountants are always happy to offer us advice and guide our business to ensure more profits and lower tax payable".
    A. Elber - Director - Circuit Clubbing
  • "Its important to us to have the same people dealing with our affairs from one year to the next. Arlington Accountants take a very personal approach and offer great money saving advice."
    J Sheen - Director - Hambrook Holiday Park Limited
  • "Give Arlington a call now, you will not be wasting your time. They will improve your tax affairs and help you to change your mindset and lifestyle sooner than you think is possible".
    A. Elber - Director - Circuit Clubbing

View our client testimonials