When your company grows, so too do your legal obligations. For example, if you foresee your business making an annual turnover of £36m, then you’ll need to start crafting a modern slavery statement. But did you know it should still be on your radar no matter your size?
Recent news revealed less than a third of corporations failed to address corruption and bribery issues within supply chains despite efforts to put in place policies preventing this.
The recent case of two brothers who were convicted of trafficking people from Poland to work in the UK has highlighted the issue of ensuring a robust and transparent approach to addressing the issues that modern slavery presents.
As the UK basks in an ongoing productivity crisis and high-profile ethics breaches dominate the headlines, more organisations are taking on a socially-conscious approach and becoming mission-led businesses.
In the payments world, cash is very much in the shadow of electronic transactions when it comes to money management. It currently stands behind newer, shinier electronic payment methods, which hog the limelight – and the headlines.
A panel of 24 entrepreneurs has teamed up with the Cabinet Office to work on a proposal for increased government spending with UK SMEs.
Many successful businesses aspire to develop a global strategy and expand into new territories. This move can be for various reasons, often to increase global market share, lower manufacturing costs or diversify customer base.
As the country prepares for an extended period of uncertainty following the Brexit vote, SME bosses have been urged to focus closely on cash management and spreading their funding risk.
Supply chain diagnostics may not be the words you want to hear, but realising its importance and understanding the mechanics within the due diligence process can help deliver an 80 per cent more chance of success in M&A.
It might be one of the UK’s most extraordinary spectacles, but behind the scenes at the Chelsea Flower Show lurks a logistical nightmare. In just three weeks, teams of contractors transform a largely empty space into a series of magical gardens, all to a strict deadline.
Discount retailers looking to upset the monopoly held by the big four supermarket brands must have complete confidence in the supply chain. If this can’t be guaranteed then these organisations must be prepared to re-evaluate existing relationships and in some cases walk away if the supplier isn’t able to demonstrate visibility, compliance and traceability across all processes.
Simon Whitehead, partner at HRC Law LLP brings clarity on what section 54 of the Modern Slavery Act means for businesses and how to produce that all-important statement.