Vault Magazine: The Purpose Driven issue
-The pandemic has sharpened the focus of society at large, governments, and almost all industries on the importance of social and environmental progress. The lesson is that corporate purpose needs to be at the heart of business resiliency and growth in the face of an unpredictable future. Purpose has the power to unify all stakeholders during the recovery process and after the pandemic, to build resilience for the future.
Misconduct reports to external bodies hit record high
-The US Equal Employment Opportunity Commission (EEOC) had a bumper year in terms of payouts. The EEOC secured a record amount of recovery, more than $535m, for victims of discrimination in the workplace.
Financial authority warns of misconduct risk among homeworkers
-The UK’s financial watchdog this week warned that it is seeing an increased risk of financial misconduct among homeworkers due to a lack of oversight and controls over communication tools.
CDC Foundation introduces app to enhance ethics and empower employees to speak up
-The CDC Foundation is partnering with the workplace misconduct reporting solution Vault Platform as part of its ongoing commitment to create an inclusive workplace and transparent speak-up culture.
Big Tech faces more employee activism over misconduct handling
-The Alphabet Workers Union aims to pressure the company to prioritize ethics in product development, and take reports of workplace misconduct, including diversity, pay discrimination, and sexual harassment, more seriously.
Financial watchdog cracks down on non-financial misconduct
-Historically, national financial regulators such as the Financial Conduct Authority (FCA) in the UK have been less aggressive in pursuing ‘non-financial’ misconduct than in cases where a client’s money is at stake. But developments at the tail end of 2020 marked a sea change in the focus of the FCA, which we expect to see replicated globally.
Emerging risks in a post COVID-19 world
-External risks go beyond the fallout of the pandemic. The list includes not just economic risks, but also a wide spectrum of ESG risks (including societal, geopolitical, technological and environmental) which are not expressed using financial metrics – and yet have very concrete financial consequences.
Why culture is mission critical to compliance
-Join global compliance expert Thomas Fox and the London Stock Exchange’s Chief Risk Officer, Maxine Gee, to discuss the growing joint responsibility between Compliance, Legal, and HR for an ethical company culture.
Whitepaper: Compliance with the EU Whistleblower Directive
-On 7 October 2019, the Council of Ministers of the EU adopted a new whistleblower directive (the “EU Whistleblower Directive”), which must be implemented in the EU member states no later than 17 December 2021.
EHRC guidance on harassment at work and how digital reporting tools help
-Employment tribunals can consider the EHRC’s guidance in harassment claims but, more importantly, it is expected to form the basis of a new statutory Code of Practice which will have greater legal force.
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