Action needed on corporate duties.

Financial News, June, 2003

Byline: Kit Bingham

Insight Investment, the fund management arm of HBOS, is pressing the UK government to be more active in promoting international standards of corporate responsibility.The fund manager wants the government to put responsibility guidelines issued by the Organisation of Economic Co-operation and Development (OECD) at the heart of its corporate responsibility policy. Rory Sullivan, head of investor responsibility at Insight, says: "The OECD guidelines are great but they are not being implemented and they are being undermined by the government."

Sullivan, and other Insight representatives, recently met Stephen Timms, the UK government minister responsible for corporate responsibility, urging him to make a public commitment to the OECD...

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