Proposals for a new criminal finance bill will, if implemented,
hold company boards criminally responsible for offences such as
money-laundering and false accounting committed by their employees.
This is a move that is being heralded as a "crackdown on
white-collar crime" and would align Britain more with the
US' notoriously tough stance in relation to such crimes.
Currently companies are only responsible for failing to stop
bribery. As evidence of misconduct has to be found at board level
for a company to be found liable it has been easy for boards to
distance themselves from their employees' actions, as evidence
of board level misconduct is often elusive. However, if the
proposals are implemented, boards could find themselves being
prosecuted for failing to prevent economic crimes ̶
essentially they could be held liable for the actions of their
The proposals are still very much in the formative stages and a
consultation period is reported to be commencing shortly. However,
if implemented, these proposals would signal a major change in
corporate criminal law. Companies will need to think about how they
can actively prevent economic crimes, what policies and procedures
they will need to implement to assist in such prevention, and will
need to make changes to any incentive schemes that could be seen to
motivate employees to do the wrong thing.
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The event is going to take place on 26 April 2017 and is addressed to participants of the Berlin Real Estate sector, in particular those dealing with redensification such as investors, developers, brokers, urban housing associations and engineers.
The employment landscape is one that is constantly shifting. Employers who fail to keep up with the changes do so at their peril.
This seminar is designed to help in-house counsel and HR practitioners get to grips with key recent and forthcoming developments in employment, pensions and immigration law and practice and what they mean for your workforce.
The Court of Appeal has held that where a contract of employment lacks a provision for when notice of termination takes effect, it is effective from when the employee personally takes delivery of the letter containing notice.
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