Section 172 of the Companies Act 2006 gives directors a duty to promote the success of the company in the following ways:
(1) A director of a company must act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to—
(a) the likely consequences of any decision in the long term,
(b) the interests of the company’s employees,
(c) the need to foster the company’s business relationships with suppliers, customers and others,
(d) the impact of the company’s operations on the community and the environment,
(e) the desirability of the company maintaining a reputation for high standards of business conduct, and
(f) the need to act fairly as between members of the company.

By linking and integrating all the causes of success, the Perendie platform^® automatically, objectively and transparently determines, and informs directors, whether they are complying with their duty to act in the way most likely to promote the success of the company for the benefit of its members as a whole.

The platform measures the outcomes the organisation is seeking to achieve, rather than setting unrelated key performance indicators. It explicitly links remuneration to the delivery of outcomes, and integrates non-financial with financial information. It enables interested parties to assess the likelihood of the organisation delivering the outcomes it has decided to deliver, and whether directors have performed their duty under section 172 of the Companies Act 2006.