To improve public procurement – use the Trust Test
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
This is our response to the Stewardship Code. Our response ties in with our work on Truth, Trust and Transparency; we are primarily concerned with ensuring transparency is used for good, and not solely seen as a reporting exercise.
Excerpt:
“It is understandable that the new Code includes more rigorous reporting requirements – the principle of transparency leading to better practice underpins a great deal of policy around business. We would suggest that the monitoring going forward needs to ensure that the increase in reporting requirements is not a burden and that companies are sufficiently resourced to do it well, and to ensure that the reporting is of sufficient quality and clarity that it demonstrates changing practices, and avoids boilerplating.”
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
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