VinciWorks has just published an e-book warning businesses about the dangers of the gig economy.
Compliance Risks and the Gig Economy takes businesses through the potential legal minefield of using gig economy apps for business purposes. From renting a room through Airbnb, buying a service on UpWork or hailing a ride on Uber, when a business interacts with the gig economy, it can have a knock-on effect across compliance areas from employment law to equality to modern slavery.
With around 14 million Brits taking part in some form of independent work, whether traditional freelance or through a new gig economy app, the potential compliance risks range from equality and discrimination to tax evasion, modern slavery and even data protection.
General Counsel and Heads of Risk attended VinciWorks’ first risk summit
On 12th September more than 30 senior counsel and heads of risk gathered to discuss the risk horizon at VinciWorks’ first risk summit in the Soho Hotel.
Delegates from international law firms, accountancy firms and corporates shared their insights into the issues that they hope will grab their board’s attention as they plan their risk management strategies. The event event was chaired by VinciWorks CEO Howard Finger.
If you are already preparing for GDPR, and with VinciWorks GDPR Guide to Compliance and our Data Protection: Privacy at Work course, you already should be, then most of what is in the Data Protection Bill will not be news to you. However this will explain the key points of the new Data Protection Bill that are different from GDPR.
Running to over 200 pages, with 194 clauses, 18 schedules and 112 pages of explanatory notes, the government describes the Bill as a “complete data protection system.” That system already exists however, and it’s called the General Data Protection Regulation.
The Bill is essentially Brexit-proofing GDPR by bringing in the European standard of data protection, along with allowed UK exemptions, no matter if, when or how the UK leaves the EU. Also the Bill is necessary to implement a single data protection regime as GDPR, as a European Directive, only applies to areas of law under EU competency. The Bill itself says things like: “Terms used in Chapter 2 and in the GDPR have the same meaning in Chapter 2 as they have in the GDPR.” So there’s no reason to throw out all the GDPR compliance work you might have done so far. Indeed, now is the time to speed it up.
As the countdown to GDPR implementation progresses, we have refreshed our course Data Protection: Privacy at Work to ensure users benefit from the latest in policy and practice.
New modules have been added and existing ones updated to take account of the coming data protection regime; both across Europe and in the UK specifically with the introduction of the new Data Protection Bill.
Global Data Protection Module
An in-depth, line by line comparative analysis of data protection legislation and regulations across more than 70 major countries. View a summary of data protection rules compared to GDPR for one country at a glance, or compare and contrast multiple jurisdictions to ensure staff all around the world understand their data protection obligations.
The Bell Pottinger story must be a warning sign to risk managers
The answer, Bell Pottinger has taught us, is yes. Mrs Thatcher’s favourite PR firm entered administration this week on the back of a disastrous, well, PR campaign. The swirling scandal that brought down an industry giant started with a £100,000 per month contract to run a campaign in South Africa on behalf of the Guptas, a family-run business empire ensnared in the largest web of corruption and political intrigue since the end of apartheid.
Bell Pottinger began its campaign with fomenting discontent of “economic apartheid,” the idea that racial injustice in South Africa has simply been replaced with economic injustice. However this campaign increasingly became about deflecting attention away from the actions of the Gupta brothers.
On 30th September 2017, the Criminal Finances Act comes into force, as does the requirement for businesses to have reasonable procedures to prevent the facilitation of tax evasion. The law is broad and the net is wide; a business can be prosecuted if a contractor puts a client in touch with a dodgy accountant or the entire modus operandi of the business is to stash away taxable cash.
VinciWorks conducted a survey of 250 UK businesses to find out just how much tax evasion risk companies are exposing themselves to. A quarter of companies still do not have any policies in place to prevent financial crime and one in ten companies in the legal and financial services sector haven’t put in place a whistleblowing policy.
Are your staff sufficiently prepared for the Criminal Finances Act? Ensuring everyone is familiar with your organisations’ procedures to prevent facilitation of tax evasion will go a long way to protect your company from prosecution. We have therefore created a tax evasion code of conduct policy template based on the Criminal Finances Act that can easily be edited and made available to all staff, clients and stakeholders.
VinciWorks has just released a new version of its tax evasion course specifically geared to the corporate sector. While the first version of Tax Evasion: Failure to Prevent is tailored for businesses in the regulated sector, the new version has been modified to better accommodate scenarios that often face companies in non-regulated industries.
More content relevant to diverse industries
VinciWorks corporate users are based in industries as diverse as hospitality, retail and manufacturing. The corporate version of the course provides content that is more directly relevant to the kinds of issues people face in non-regulated sector industries.
Chose from six corporate scenarios
There are now six specifically corporate scenarios to choose from, with up to three included in the course. Scenarios, like everything else in the course, is fully customisable. You can upload your own scenarios or VinciWorks can help you design learning scenarios that are relevant to your company and industry.
Nagware allows managers to automatically send out an email to remind staff to begin or complete a learning activity. Administrators can select when to start sending the nag emails, often to send them and a trigger for when to begin to send the nag emails.
We have just added a new feature that means a “nag” can easily be duplicated so that a new nag doesn’t need to be started from scratch.
Administrators can now easily duplicate a “nag” without having to copy and paste the details of a previous nag
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Diversity in the workplace is important not just from a compliance and legal perspective. Results published in a McKinsey research paper show that companies with more diverse workforces perform better financially. Further, in July 20-17 the £1,200 employment tribunal fee was scrapped by the Supreme Court last month. The result is that those who feel mistreated can take their current or former employer to court without having to overcome a financial hurdle.
Full transparency of a company policy will help diminish the risk of discrimination in the workplace, as well as promote a diverse culture in the workplace. VinciWorks has therefore created an equality and diversity policy template that can easily be edited to suit your organisation and industry.
What should the equality and diversity policy include?
The introduction should explain the purpose of the policy and what it consists of. It should also explain the importance of everyone contributing to compliance with the requirements of the policy by embedding such values in the workplace and by challenging inappropriate behaviour and processes.