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Exchange head is a CSR fan

May 2003

Hopes are rising that the next chairman of the London Stock Exchange could use his tenure in office to bring corporate social responsibility issues to the fore.

Chris Gibson-Smith, who will take over from Don Cruickshank in July, oversaw CSR and social investment matters at BP as group managing director from 1997 to 2001.

‘He is known to be passionate about CSR and pretty soon we may see that influence exerted in the stock exchange,’ said Will Oulton, deputy chief executive of the FTSE Group.‘The feeling is that he may usher in changes.’

There have been calls, notably from the writer and economist Will Hutton, for companies that do not produce adequate CSR performance indicators to be de-listed from the exchange (EP1, issue 11).

Gibson-Smith is currently chairman of National Air Traffic Services and is a non-executive director of Lloyds TSB and British Land. He joins the London Stock Exchange board from 1 May for a handover period. One ally may be former Institute of Business Ethics director Ken Rushton, who is now head of listings at the Financial Services Authority.




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