Corporations were originally established with clear public purposes. It is only over the last half century that corporate purpose has come to be equated solely with profit. This has been damaging for corporations’ role in society, trust in business and the impact that business has had on the environment, inequality and social cohesion. In addition, globalisation and technological advances are exacerbating problems of regulatory lag.
The Future of the Corporation is one of the most ambitious programmes of research to have been undertaken to date on the current state and future prospects of business. Its remit is to consider the implications of economic, environmental, political and social challenges, and scientific and technological opportunities for the future development of business. It is organised by the British Academy, the UK’s national body for the humanities and the social sciences.