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 […]
What is a Conflict of Interest?
A conflict of interest is when an individual has competing interests or loyalties. They could have two relationships that might compete with each other for that person’s loyalties – this could be a conflict between loyalty to an employer and loyalty to a family member. The conflict of interest causes an employee to experience a […]
What is Section 54 of the Modern Slavery Act 2015?
Our Modern Slavery Courses Slavery is not a thing of the past, it is estimated that 40 million people around the world are trapped in modern slavery. Acts such as human trafficking and labour exploitation, both of which are forms of modern slavery, have infiltrated supply chains across the UK and the rest of the […]