What is the Penalty for Insider Trading?
Illegal insider trading is when non-public information is used by a company ‘insider’ such as an employee to make a profit through the trading of company stocks and shares. Insider trading was the focus of the 2019 ITV drama, Cleaning Up, starring Sheridan Smith. The programme featured two cleaners that used their place within a […]
What is a Patent?
A patent is granted by the government to an inventor to stop others from making, using or selling the invention without their permission. When a patent is granted, the invention becomes the property of the inventor. This means it can be bought, sold, rented or hired just like any other form of property or asset. […]
What is the Difference Between Unethical and Illegal Business Practices?
Our Ethics Courses In order to understand the difference between something being ‘illegal’ or being ‘unethical’, we have to understand what these terms mean. ‘Unethical’ defines as something that is morally wrong, whilst something being ‘illegal’ means it is against the law. In an illegal act, the decision-making factor is the law. For an […]
What is a Non-Disclosure Agreement?
The best way to keep something confidential is not to disclose it in the first place – keeping it on a need-to-know basis between a small group of people. If you want to keep something private, you should use a non-disclosure agreement (sometimes called a confidentiality agreement). In some situations, you may have to tell […]
What is Insider Trading?
Insider trading is the process of trading company stocks and shares through individuals with access to non-public information about the company, otherwise known as ‘insider’ information. The huge development in internet usage has led to an acceleration in the speed that insider trading can occur and makes it more difficult to control. This may sound […]
Which Industries are most at Risk of Modern Slavery?
Our Modern Slavery Courses Newspapers constantly brandish headlines concerning modern slavery discoveries in multinational companies’ supply chains. Certain industries are more at risk than others, namely the consumer sector and construction industries. Modern slavery is the exploitation of people and can be differentiated into a number of categories. Labour exploitation is a form of modern slavery that […]
What is an Employee Share Scheme?
Employee share schemes, also known as employee share purchase plans or employee equity schemes, give employees shares in the company they work for, or the opportunity to buy shares in the company. The point of them is to motivate staff with financial benefits if the company performs well. If the company does well, the staff […]
What is the Purpose of an Environmental Management System?
Our Environmental Awareness Courses Just as organisations have systems to manage finance, personnel and health and safety, it is equally important that they have an Environmental Management System (EMS) for managing environmental issues. What is the purpose of an environmental management system? All businesses should have an EMS that reflects the regulations and legislations applicable […]
What is the Modern Slavery Act?
Slavery was abolished in 1833 across the British Empire, however it is far from eradicated. In fact, it is estimated that 13,000 people in the UK alone are living in modern slavery. Modern slavery involves the exploitation of people and can come in a variety of different forms, including: human trafficking, labour exploitation, domestic servitude […]