You may have heard of EOTs, and how they are an option for business owners to realise the value of their business. An EOT is an Employee Ownership Trust, which is a trust that allows a company to become owned by its employees. Benefits for you If you are thinking of selling your business, selling to an EOT can be a great way to do so tax efficiently. Provided the…
Recent figures obtained by the BBC’s File on 4 have found that the number of modern slavery cases reported within the UK care sector has more than doubled in the past year. According to the figures, there were 109 potential victims exploited for personal or financial gain between January and March, which was twice as high as the figure recorded during the same period last year. This investigation report has…
Employers have a duty to provide a safe working environment to their employees, to ensure they are not discriminated against, and do not suffer harassment or victimisation, due to any of the protected characteristics under the Equality Act 2010. However, when it comes to bullying at work, employers will have become aware that the ‘bar’ when behaviours cross the threshold to be classed as bullying seems to have lowered, which…
In February this year, McDonalds entered into a legally binding agreement with the Equality and Human Rights Commission through which it pledged to protect its staff from sexual harassment. Following the agreement, the BBC began an investigation into working conditions within McDonalds, which has now revealed over 100 allegations from current and former McDonalds workers across the past five months relating to sexual assault, harassment, racism and homophobia. From pledging…
Last week, the British Standards Institution (BSI) celebrated the launch of its new guidance aimed at supporting employers to better retain experienced employees by enabling them to prioritise the needs of those experiencing menstruation or menopause. ‘Understanding the Menopause and Menstrual Health’ sets out recommendations and guidance for creating a more inclusive workplace, an important facet of which is the implementation of effective workplace policies. The Menopause and Menstrual Health…
Whistleblowing, as set out in the Public Interest Disclosure Act 1998 (‘PIDA’), is the act of reporting wrongdoing within an organisation with the aim of preventing it, and any harm that may arise from it. This holds particular importance in the financial services industry due to the clear potential for serious wrongdoings such as insider trading, financial fraud, money laundering and corruption to undermine the integrity of the financial system.…
Biodiversity Net Gain (BNG) is an approach to development and planning which aims to leave the natural environment in a measurably better state than beforehand. The objective is that development will impact the environment in a positive way by delivering improvements to ecological networks and the key point is that the improvement is measurable. Liz Hailey - Partner, Head of Property Law What is the requirement? The Environment Act 2021…