Today, it will commence what it calls an “ambitious ‘program of change'” that includes modifications to its governance, culture, people processes, and core mission.
The results of the vote of confidence will be disclosed on June 6 at an extraordinary general meeting (EGM).
We need a strong corporate voice backed by economic research and views from throughout the economy and nation.
The CBI has a unique function.
“We will collaborate and partner with our members to address these shared challenges, which is why this transformation program is so crucial. There is no time to waste.”
The CBI had hired Principia, a business ethics consulting firm, to assist with a review of its corporate culture.
This week, Sky’s City editor Mark Kleinman reported that the CBI’s board had hired solicitors in preparation for a possible bankruptcy filing.
The UK’s largest business group paused most activities in April pending Fox Williams’ review. According to Ms. Newton-Smith, all of the recommendations from this review have been “completed or are in progress.”
However, some members determined that the damage had already been done and suspended or terminated their membership. The Association of British Insurers, BMW Group, Aviva, and the British Beer & Pub Association were among the companies that resigned.