Directors revolt over government’s climate, IR and merger laws

Mandatory climate reporting, tougher merger laws and workplace legal changes have overtaken culture, retaining staff and cyber risks as key areas of concern for directors fearing that regulatory burdens and compliance costs will eat into profits.

While developing new business models and products ranked as the top issue for boards in the medium term, concern over regulation and red tape was the biggest mover, rising from eighth last year to third in a new survey.