Seven hundred companies have submitted Modern Slavery Act statements, but few have met all the core elements of the law. Resources, a lack of knowledge and a need for more guidance have all contributed to a slow start.
Theresa May, the UK prime minister, has made a campaign against modern slavery one of her flagship policies. But even as she recently called for Britain to lead the world in beating human trafficking, businesses in the UK were still coming to terms with their responsibilities.
The end of September saw the deadline for companies to complete their first mandatory statements under the Modern Slavery Act. But, according to the Business and Human Rights Resource Centre, the results were disappointing.
“Many companies failed to provide any information on the action they are taking, or be open about where the risks lie in their s
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
The unprecedented pace of regulatory change in the financial services industry has led to substantial investment in the compliance function, but it needs greater support at board and executive levels in order to be effective.
Register to receive free article views and resource downloads, plus all the latest news alerts straight to your inbox. Register