As the coronavirus outbreak has spread, the COVID-19 disease has struck millions across the globe. The demographics and geographic distribution of the disease will make for interesting study when the current outbreak has ended, but clearly the disease has struck both the mighty and modest. The high-profile victims include the Prince of Wales and the U.K. Prime Minister. Other victims have included (and likely will continue to include) senior corporate executives. When key execs contract the disease, their companies face the question whether the executives’ illness must be disclosed.  As discussed in Judy Greenwald’s April 21, 2020 Business Insurance article (here), there are no bright line answers to this question.
Continue Reading If Top Exec Has Covid-19, Does the Company Have to Disclose It?

Francis Kean

One of the more interesting 21st century corporate disclosure developments has been the increased expectation by legislators and regulators that companies should examine their supply chains in order to determine whether chain participants are engaged in illegal or improper activities, and then report on their examination to investors and to regulators. One U.S. example of these kinds of disclosure developments is the Dodd-Frank Act conflicts minerals disclosure requirements. At the beginning of this year another example of supply chain disclosure requirements went into effect in Australia, with the effectiveness on January 1, 2019 of the Australian law regarding modern slavery. As discussed in the following guest post from Francis Kean, the U.K.’s modern slavery disclosure law his been in effect for four years.  In his guest post, Francis takes a look at the U.K. experience under this law. Francis is Executive Director FINEX Willis Towers Watson. A version of this article was previously published on the Willis Towers Watson website. I would like to thank Francis for allowing me to publish his article as a guest post on this site. I welcome guest post submissions from responsible authors on topics of interest to this blog’s readers. Please contact me directly if you would like to submit a guest post. Here is Francis’s article.
Continue Reading Guest Post: Modern Slavery Report Recommends Tougher Disclosure Rules for U.K. Companies