Is our strategy keeping pace with the world, or becoming a quiet liability?
Strategy failure rarely happens overnight. It's a widening gap between plan and reality, drifting quietly until there's no runway left.
Business in Command · The Monthly Bulletin
The strategy and sustainability bulletin for CEOs and Board Members.
One issue a month containing a succinct collation of topical articles, tools and practical experience, and posing targeted questions for your next board meeting. For CEOs and Board Members who take the long view.
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Business in Command · Monthly · Free
Strategy and sustainability thinking for CEOs who take the long view. One issue a month. No padding. No consultant-speak.
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All our articles.
38 articles authored by the Perigon team, designed to challenge conventional thinking and deliver long-term results.
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How do you stress-test your business model against a ten-year horizon?
Scenario analysis, pre-mortems and more: practical tools to embed risk and uncertainty into your long-term strategy instead of running from them.
Is the SaaS Kodak Moment Here?
Software stocks are down, revenue is up. A look at what the SaaS sell-off tells Boards about spotting strategy drift before the market does.
PRA SS5/25: Five Real-life Lessons for Banks, and What Now?
Five practical lessons from supporting banks through PRA SS5/25, and where the opportunities lie now the deadline has passed.
The Delusion of a New Normal
"New normal" is the wrong frame for climate, AI and geopolitics alike. We should all be watching the widening extremes, not waiting for a new baseline.
When Courts Extend Climate Liability to Customers: What the TotalEnergies Ruling Means for UK Boards
A French court has ruled that TotalEnergies must address climate risks from downstream product use by customers, testing whether corporate climate obligations extend to Scope 3 emissions outside a company's operational control.
CSRD reporters lack targets for half of material topics, but that may not be a bad thing
Analysis of early CSRD reporters finds companies are setting targets for only around half their identified material sustainability topics. The gap between materiality assessment and management response is real, but context matters before drawing conclusions.
The FCA's AI review: key inputs for scenario analysis and strategic planning
The FCA has published a landmark review of AI's impact on retail financial services, setting out regulatory expectations and identifying four systemic shifts reshaping the sector to 2030. Boards should treat it as essential input to scenario planning, strategy and risk management.
The FCA's TCFD simplification shifts the burden, not the responsibility
The FCA is moving away from mandatory product-level TCFD reporting towards a materiality-based approach, prompting calls from market participants for clearer guidance on what the new framework requires in practice.
FCA's crypto rules and other reforms: what financial services boards need to model now
The FCA published landmark cryptoasset regime rules alongside Consumer Duty scope reforms and simplified investment disclosure requirements, with consultation closing 21 August 2026.
Flood Re reforms: what bank boards should be asking in the next climate scenario analysis
The UK government has announced reforms to Flood Re that will reduce payouts for high-value properties, with implications for mortgage lenders' climate scenario analysis and asset valuations.
How do I lead strategy when my execs are all running fast but not always in the same direction?
Ask every member of your executive team to give you one sentence describing your overarching strategy. If the answers differ, you don't have an alignment problem. You have a strategy problem.
What the 2026 UK Stewardship Code means for General Partners
The FRC's revised Stewardship Code took effect on 1 January 2026. For the first time, it includes dedicated guidance for private markets. GPs need to know what has changed.
What the updated UK Corporate Governance Code means for Boards
The FRC's UK Corporate Governance Code was revised in 2024 and has applied since January 2025. Its most significant provision, Provision 29, came into force this year. Boards need to understand what has actually changed.
Does our board have the muscle to oversee business strategy or are we just going through the motions?
The motions of a strategy process have been followed. But none of the muscles truly needed to build strategic resilience today have been exercised.
What is strategy?
What is strategy, really? Many CEOs and Boards have a plan. Few have a true strategy. We explore the difference and how to build and embed one successfully.
The ESG compliance deadlines auditors miss
UK companies cross ESG compliance thresholds unnoticed every year — SECR, ESOS, modern slavery, gender pay gap. Why these get missed and what to do.
UK ESG Compliance: What Requirements Apply to Your Business in 2026?
UK ESG compliance — SECR, ESOS, TCFD, Modern Slavery, FCA SDR and more. Which requirements apply to your business? Find out based on size, sector and structure.
Big Cycles: How leaders can rehearse the future when the fundamentals are shifting
Scenario planning to explore 27 possible futures shaped by society, AI, and external shocks. A practical tool for leadership teams to build strategic foresight.
Climate Transition Plans for UK Banks — What PRA SS5/25 Means for Financial Services
The PRA made climate transition plans mandatory for UK banks under SS5/25. Less than a third have one. Here's what banks should do now.
PRA SS5/25: What Banks Must Do on Climate Risk by June 2026
PRA SS5/25 is live, replacing SS3/19. What UK banks need to change on climate risk, and what to deliver by 3 June 2026.
Energy IS Prosperity: Why Abandoning Net Zero Forfeits Britain's Future
Why abandoning Net Zero exposes UK firms to trade barriers, higher cost of capital, and tech stagnation. The economic case for climate action over fossil fuel retreat.
Climate Capital Markets Day
Climate transition plans face a paradox — ambitious 1.5°C targets meet messy reality. How companies navigate Scope 3, net zero by 2050, and the integrity gap.
The Simplicity Trap
In our rush to simplify, are we eroding long-term resilience? Here's why the next advantage belongs to the curious and the capably complex.
What if financial targets were set like (many) climate targets?
A satirical fable illustrating the risks of one-size climate targets and advocating bottom-up transition plans built like financial models.
Big Cycles: Apathy, dependence and a return to bondage?
How Tytler's cycle and other Big Cycle thinking prompts five key strategic questions that business leaders should be asking right now.
Perigon Banking Barometer 2025
Perigon's 2025 Banking Barometer benchmarks 57 UK banks on ESG, strategy, and AI maturity — revealing progress, gaps, and future risks.
What is a strategy?
Most "strategies" are just plans. Here's how to spot the imposters, define real business strategy, and use it to create long-term advantage.
The Lost Art of Quiet Wonder
Strategy is drowning in noise. Reclaim quiet wonder - space to think deeply, ask brave questions, and make better long-term decisions.
Uncertainty
The uncertainty we face today is faster and more feral than ever. Four forces — AI, climate, ageing, deglobalisation — demand long-termism, not prediction.
Trendspotting
From trends to societal forces — AI, climate, ageing, and deglobalisation. Learn how to face uncertainty and plan for multiple futures.
Non-linear Strategy
The 21st century demands non-linear strategy — adaptive, probabilistic, resilient to forces like AI, climate change, ageing, and geopolitics.
10 Real-World Financed Emissions Learnings
Ten things you only discover about financed emissions when you get your hands dirty — practical learnings for mid-tier and smaller UK banks.
The SME Climate Crisis
The best time to start a business, perhaps the hardest time to sustain one. Climate and economic risks create mounting challenges for UK SMEs.
I Like Big Buts: 4 questions to ask of your strategy
Four questions to test the resilience of your strategy in a world of rapid change driven by the low-carbon transition, AI, and shifting societal trends.
UK FI Sustainability Reporting Benchmark 2024
Perigon's 2024 benchmark of UK financial institutions — sustainability reporting trends, transition plans, emissions progress, and next steps for leaders.
A Truly Sustainable Corporate Strategy in 5 Steps
Five steps to better integrate sustainability into corporate strategy — saving wasted effort, risk, cost, duplication, and confusion in the process.
UK FI Sustainability Reporting Benchmark 2023
Our first UK FI Sustainability Benchmark reviews 51 banks, building societies, and fintechs across materiality, strategy, reporting, targets, and carbon credits.
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