Corporate commitments to purpose, such as those espoused by the Business Roundtable in 2019, are not clear indicators of a company’s future performance on social and human capital issues during times of crisis. Rather, companies that have a history of effectively and proactively managing challenging social issues are more likely to perform positively in the face of crises like the COVID-19 pandemic and the movement for social equality (KKS Advisors and Test of Corporate Purpose initiative)

Week of 21 September 2020 Corporate commitments to purpose, such as those espoused by the Business Roundtable in 2019, are not clear indicators of a company’s future performance on social and human capital issues during times of crisis. Rather, companies that have a history of effectively and proactively managing challenging social issues are more likely … Continue reading Corporate commitments to purpose, such as those espoused by the Business Roundtable in 2019, are not clear indicators of a company’s future performance on social and human capital issues during times of crisis. Rather, companies that have a history of effectively and proactively managing challenging social issues are more likely to perform positively in the face of crises like the COVID-19 pandemic and the movement for social equality (KKS Advisors and Test of Corporate Purpose initiative)

The UK Modern Slavery Act of 2015 will undergo changes to strengthen implementation, effectiveness and compliance. The UK Home Office has committed to mandating which areas statements must cover, making statements available on a Government-run reporting service and instituting a single reporting deadline to increase accountability and public awareness. It is also extending reporting requirements to public sector supply chains and will be considering stronger enforcement options, such as civil penalties for non-compliance (Home Office, Government of the United Kingdom)

Week of 21 September 2020 The UK Modern Slavery Act of 2015 will undergo changes to strengthen implementation, effectiveness and compliance. The UK Home Office has committed to mandating which areas statements must cover, making statements available on a Government-run reporting service and instituting a single reporting deadline to increase accountability and public awareness. It … Continue reading The UK Modern Slavery Act of 2015 will undergo changes to strengthen implementation, effectiveness and compliance. The UK Home Office has committed to mandating which areas statements must cover, making statements available on a Government-run reporting service and instituting a single reporting deadline to increase accountability and public awareness. It is also extending reporting requirements to public sector supply chains and will be considering stronger enforcement options, such as civil penalties for non-compliance (Home Office, Government of the United Kingdom)

The European Parliament Committee on Legal Affairs proposes text for the corporate due diligence and corporate accountability directive that EU Member States would transpose into national law. This new law would apply both to companies in the EU as well as companies providing goods and services in the internal market. It would require companies to conduct due diligence on human rights, environment (including climate change) and governance risks, with specific requirements to engage stakeholders and trade unions, create grievance mechanisms, provide remedy, and ensure boards and senior managers have the necessary responsibility and expertise (The European Parliament Committee on Legal Affairs)

Week of 21 September 2020 The European Parliament Committee on Legal Affairs proposes text for the corporate due diligence and corporate accountability directive that EU Member States would transpose into national law. This new law would apply both to companies in the EU as well as companies providing goods and services in the internal market. … Continue reading The European Parliament Committee on Legal Affairs proposes text for the corporate due diligence and corporate accountability directive that EU Member States would transpose into national law. This new law would apply both to companies in the EU as well as companies providing goods and services in the internal market. It would require companies to conduct due diligence on human rights, environment (including climate change) and governance risks, with specific requirements to engage stakeholders and trade unions, create grievance mechanisms, provide remedy, and ensure boards and senior managers have the necessary responsibility and expertise (The European Parliament Committee on Legal Affairs)