James Perry
speaker
571 appearances
1 recordings
1 series
first heard Jul 2026
last heard 27 Jul
James Perry’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
Why was it called B Corporation, do you know?
Well, Jay, a lot of people think it's for benefit corporation because they've passed a lot of laws.
In the US, it's illegal if you don't maximize profits for shareholders.
Company directors can be sued.
So they have to pass a law to protect company directors if they want to do anything other than maximize profits, which is called a benefit.
So they wrote a statute.
They called it the benefit corporation.
And they went around state legislatures passing it.
So it had to be passed state by state by state.
No, so we have the 2006 Companies Act, which has something called Section 172, where there is more wiggle room.
We won't necessarily go down that rabbit hole, but there's a lot of debate around the wording in Section 172 of the Companies Act and what it actually means.
Well, no, I'm interested in that.
What's your issue here?
So New Labour, Tony Blair and Gordon Brown had a concern about this neoliberal kind of mindset that had taken over business.
And they had this idea of stakeholder capitalism.
And so they wanted to make the company something that had to operate for all of the stakeholders.
workers, communities, the environment, as well as shareholders.
And Will Hutton helped them with it, who's a sort of academic and was then a journalist.
And they ended up landing on a form of work that says, company directors must run the company in the interests of its members, which is its shareholders.
And in doing so, they must give regard to other stakeholders.
Showing 301–320 of 571 · page 16 of 29
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