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Private prosecutions – A route to justice for the charity sector
Sophie Tang
Non-financial misconduct has been an area of increasing regulatory focus for the Financial Conduct Authority (FCA) over the last five years. To date, published regulatory outcomes have focused on the most egregious end of the spectrum, with the FCA handing out bans and fines for those already convicted in the criminal courts of serious sexual offences. However, these cases provide little guidance for FCA-regulated firms grappling with allegations of more nuanced conduct, such as the inappropriate use of social media on a personal
There is no doubt that we are in difficult economic times and it does not seem like that will change anytime soon. Individuals and businesses are feeling financial pressure and, for businesses, this often means having to consider redundancies or other ways in which cost savings can be made.
An alternative to redundancy is changing terms and conditions. Whilst it may not be an alternative that many businesses wish to take, if it keeps staff in employment, it is an option which may be worth considering.
This week Tony Danker stepped down from his role as director general of the Confederation of British Industry (CBI) while an independent investigation into allegations of sexual misconduct takes place.
The six-month pilot scheme of a four-day week on full pay has now concluded and the results are overwhelmingly positive: 56 of the 61 companies which took part in the trial which ran between June and December 2022 will continue the arrangement for employees and 18 companies have made the change to a four-day week permanent.
In these lingering uncertain economic times, many employers may be under pressure financially. They might be considering what can be done in order to reduce costs. Redundancy is a tried and tested method for reducing head-count and costs. However, what if you want to retain skilled and experienced, valuable staff and avoid the negative impact on morale that compulsory redundancies can result in? Perhaps your business is going through a ‘slump’ but you do not expect it to last long, or a change in strategy is yet to bear fruit.
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