THE VIOLATION TRACKER - PART 2
Organisations are often quick to showcase their responsible business achievements on environmental, consumer and employee matters. But in some cases, there is another side to the story. Our special guest this week on the 'PAYING FOR GOOD' podcast S4 E6, is Aneesh Raghunandan who is building up the UK Violation Tracker to collate these misdemeanours.
When you listen to Aneesh, you will learn that:
• UK firms are often offered the option to settle with the regulators or are issued with enforcement notices rather than being made to pay fines through the court system.
• Government agencies regularly remove past data from their websites.
• It’s difficult to track (repeat) offenders.
Your action takeaways:
As an employer:
It’s simple – don’t break the law! It’s getting easier for researchers and analysts to figure out who’s got a good employment track record and who hasn’t.
As an investor:
Be vigilant! And don’t just rely on public corporate disclosures because they may not tell the whole story.
As a regulator:
Please keep past information on your website, fix all technical glitches to access it and consolidate it in one place by parent company.
There should be no need for a Violation Tracker.
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Please email [email protected] for a copy of this transcript.