On 11th October 2018 the House of Lords debated a motion from Lord Haskel, ‘To ask Her Majesty’s Government what assessment they have made of proposals for greater employee shareholding and participation in corporate governance.’ The Bishop of St Albans, Rt Revd Alan Smith, spoke in the debate:
The Lord Bishop of St Albans: I thank the noble Lord, Lord Haskel, for securing this debate. With such limited time, I shall make just a few comments about the purposes of business in general and then to make one or two observations about the very specific themes raised in the debate.
All too often, business and commerce are viewed as though their main aim was simply to make the most money possible. This rather reductionist view of business fails to take into account wider questions raised in Christian theology, as well as by many others, such as how everyone can contribute to the common good, issues of justice and fairness, and particularly the sort of values we wish to celebrate and promote as a society. The best businesses, I believe, are those that balance the need to make money with a high priority on the flourishing and thriving of their workforce and a concern for human dignity. Continue reading “Bishop of St Albans calls for new social contract to address low pay and poor working conditions”
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