The Act makes organisations criminally responsible for failing to prevent tax evasion amongst employees and those carrying out services on their behalf. There is a defence if you have in place “reasonable prevention procedures.” Government’s recommended action to take: Risk assessment Asses Proportionality of risk-based prevention procedures Top level commitment Due diligence Communication (including training) …
Boards must consider the interest of all stakeholders when they make key decisions for their organisation. The Governance Institute (ICSA) and The Investment Association (IA) have published guidance to help boards weigh up those interests. The guidance acknowledges that there will be different approaches and that one size does not fit all but it sets …
“As part of their role as members of a unitary board, non-executive directors should constructively challenge and help develop proposals on strategy. Non-executive directors should scrutinise the performance of management in meeting agreed goals and objectives and monitor the reporting of performance. They should satisfy themselves on the integrity of financial information and that financial …
Both Brexit and the implementation of the General Data Protection Regulation (GDPR) in May 2018 mean that businesses are reviewing contracts now. For Brexit, jurisdiction clauses will need reviewing and references to the EU within contracts needs to be redefined. One risk of Brexit is the possibility of multi-jurisdictional claims and the non-applicability of the …
Talk Talk contracted Wipro Limited (Wipro) to help with customer complaints and network coverage. Talk Talk gave Wipro access to its customer base. The data was misused by 3 Wipro employees. This was uncovered following an investigation into scam calls to Talk Talk’s customers. Although no actual link was established between the unauthorised access and …
Publishers like the Financial Times have penned their concerns to the European Parliament about the new draft EPR. Their concern is that the EPR makes it more difficult to obtain customer consent to use cookies for advertising and data analytics. This is because browsers are considered by EPR to be gatekeepers with users having to …
