A new study suggests that in the past too many well off businessmen and business women have been given honours ranging from MBEs to knighthoods despite little evidence that they have put anything back into the community.
However, the report from the campaign group Legacy10 says that honours should be explicitly linked to charity giving, rather than simply rewarding someone for having worked hard and made an impact in a particular industry or profession.
In the past five years, there have been 11 knighthoods and one damehood awarded in the Queen’s Birthday or in the New Year’s honours lists where the citation only mentioned service to business or industry.
Each of these 12 people was either chairman, deputy chairman or chief executive of a large company or organisation.
The report says: “People nominated for honours in the field of business should need to provide firm evidence of charitable giving and/or volunteering of time.”
Creating a large business that pleases people with its products is providing a service to the community!