Ethical Performance
inside intelligence for responsible business



September 1999

Royal assent has been given for the partial privatisation of the Commonwealth Development Corporation (CDC), which was set up in 1948 to invest in developing countries. The privatised entity, which aims to become one of the leading providers of development finance, will work to a statement of business principles that lay down 'an entrenched ethical investment code'. CDC is likely to become a public limited company before the end of the year, with a share issue later on.


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