The Purposeful Company (TPC) Task Force was established with the support of the Bank of England, and is a consortium of leading companies, investment houses, business schools, and business consultancy firms. Since its launch in 2015, TPC has been examining how the governance and capital markets environment in the UK could be enhanced to support the development of value generating companies, acting with purpose to the long-term benefit of all stakeholders. Our goals are: • To make good Britain’s shortfall of purposeful, long-term companies so that the economy can rise to the challenge of lifting investment, productivity and living standards. • To benefit all company stakeholders, including shareholders. • By better serving customers, employees, supply chains and the wider community, to restore lost trust in the capacity of business to create human betterment. We see our distinctive approach as being the rigorous evaluation of evidence and its practical application to support the development of policy and practice. We bring the best quality research, combined with multi-disciplinary practitioner experience, to develop detailed, evidence based and implementable policy proposals. As well as commenting on research and policy, the Steering Group participants are active in the debate on governance, stewardship and pay reforms. The views expressed in The Purposeful Company Reports listed are those of the Steering Group having taken input from Task Force members and contributors. The Steering Group are operating in a personal capacity as authors and the views expressed here may not be taken to represent the perspective of their organisations. While all Task Force and Steering Group members subscribe to the aims and goals of The Purposeful Company, membership of the Task Force cannot be taken to represent an endorsement of every specific policy recommendation.