Most franchisors are complying with the July 2010 changes to the Franchising Code of Conduct but a minority need to improve their compliance levels, a new report reveals.
The Franchising Code of Conduct Changes Study, a supplement to the 10 Thousand Feet Franchisor Expansion Study, asked 81 franchisors to indicate their compliance to the latest changes to the Code. These changes were introduced to give franchisees better disclosure.
The study showed that more than 90 percent of franchisors reported to voluntarily be complying with many of the changes even before they took effect. Head of intelligence at 10 Thousand Feet Ian Krawitz said most franchisors are doing the right thing by their franchisees. More.