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Since its introduction, the Economic Crime and Corporate Transparency Act (ECCTA) has ushered in significant changes to corporate governance in the UK. Two of its most significant provisions are the failure to prevent fraud offence and the new identification doctrine which extends accountability for economic crimes to ‘senior managers’. These changes are likely to significantly impact…
Category Archives: Business Ethics Debates
Despite new European Union legislation governing ESG disclosure and due diligence beginning to take effect for many companies, the acronym, and how companies should respond, is the subject of some controversy. GoodCorporation invited business leaders to debate these issues under the Chatham House Rule at the House of Lords. Our host, Baroness Kingsmill, opened the…
Having finally cleared a number of last-minute hurdles, the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) will come into force from 2027. It will bring into play significant new demands around environmental and human rights due diligence, forcing those companies in scope to ensure that robust processes are in place to meet the directive’s obligations. …
In the week after the European Council finally agreed to progress the Corporate Sustainability Due Diligence Directive (CS3D), GoodCorporation was delighted to welcome business leaders and human right practitioners to the House of Lords to debate a Private Members’ Bill introducing mandatory human rights and environmental due diligence to the UK. Baroness Young, who proposed…
On 14 December 2023, the European Parliament, Council (member states) and Commission reached a provisional deal on the EU Corporate Sustainability Due Diligence Directive (CS3D). The final draft will be published shortly and is expected to be adopted ahead of the European parliamentary elections in the Summer. Member States will then have two years to transpose the Directive into national…
Fraud is the most common offence in the UK, consisting of 41% of all reported crimes, with losses surpassing £2 billion in 2023. The Economic Crime and Corporate Transparency Act (ECCT) received parliamentary approval on 27 October, 2023. The act aims to crack down on fraud and fraudulent behaviour, specifically targeting large organisations, which are…
Accusations of greenwashing – a term which refers to unsubstantiated, misleading, or incomplete assertions regarding a company’s environmental performance – have been on the rise in recent years, illustrated by a steep increase in greenwashing litigation and regulatory enforcement. In 2022 alone, 26 greenwashing cases were ruled in courts worldwide, with over 180 cases still…
A combination of forthcoming legislation, increasing investor demands and societal pressure means that a business’s value chain is coming under closer scrutiny. GoodCorporation’s latest Business Ethics Debate at the House of Lords sought to explore the approaches businesses are taking when conducting due diligence across their value chains. Hosted by Baroness Neville-Jones, the debate was…
Research from GoodCorporation revealed that there has been a fifty percent increase in the number of FTSE 100 companies updating their codes of conduct since the pandemic. Our latest 2023 House of Lords debate sought to investigate this rise, questioning why it has occurred, how changes have been implemented and whether other companies should be…
With the increase in emerging human rights legislation, notably the proposed EU Corporate Sustainability Due Diligence (CSDD) Directive which is likely to impact UK businesses with operations in Europe, the new Norwegian Transparency Act, the German Supply Chain Act and others, GoodCorporations’s first Business Ethics Debate of 2023 explored how companies should respond to emerging…
