Compliance is often seen as a nuisance, a “have to do” that’s part of the price of admission for companies working at global scale. However, it can differentiate your business and attract more customers.
While I hate to be the legal voice of doom in what will be a carnival-like atmosphere, excitement over the World Cup could throw up some interesting and tricky issues for employers which have the potential to escalate.
If you had a bet on reserve goalkeeper Wayne Shaw eating pie during the FA Cup’s Sutton v Arsenal match then you may have won a hefty sum. He did exactly that – but the incident led to a few employment law queries, and his resignation.
Often perceived as dishonest, financial advisers tend to be ranked among the least trustworthy professionals – and new research from the University of Chicago Booth School of Business suggests this public perception may be deserved.
On 7 March the FCA’s Senior Managers Regime (SMR) for banks, building societies, credit unions and PRA regulated investment firms was introduced – its aim is to make the banking sector more accountable by placing employees under greater accountability.
With Benjamin Koh of CommInsure having just spilled the beans on the company’s wrongdoings – claiming doctors were pressured to change their opinions, outdated medical definitions were used to deny payouts and medical files disappeared – we take a look at how the act of whistleblowing could bring about corporate change.
When you run a business, you’d like to think that how your employees behave outside of work doesn’t affect the reputation of your brand. Nowadays though, with the advent of social media and the way it impacts on almost everything from home life right through to work, you need to make sure that your staff can’t harm your business with the things they share.
The stories in the media about misconduct that managers see and then report, or the unethical behaviour of managers that is witnessed and then reported by their peers or line reports, seem to alternate.
When a business is failing, bills are not being paid and problems are getting worse – it’s time to seek help and professional advice at the earliest possible opportunity. This is particularly important when business is still continuing; a director can be accused of ‘wrongful trading’ or ‘fraudulent trading’. In both cases the directors are at risk of being held personally liable for the debts.
Kate Russell shares some lessons learnt from Chris Huhne regarding workplace investigations and disciplinary procedures