- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2023-12-28T14:50:00
Companies could be in danger of failing to comply with a raft of social responsibility-minded legislation at the European Union and national level because they might mistakenly think duties on corporates overlap when they do not.
Germany’s Supply Chain Act and France’s Vigilance Law have put fresh obligations on companies to monitor their supply chains for human rights abuses and environmental damages and risks. Meanwhile, the European Union has made environmental, social, and governance (ESG) monitoring and disclosure central to some of its impending legislation.
Businesses that believe compliance with one set of rules meets the threshold of complying with another—or that national laws may trump EU rules—will need to think again.
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
2025-01-16T15:53:00Z By Ruth Prickett
Legal cases and fines for noncompliance with EU’s GDPR could rise sharply after a court found that a breach was a source of unfair competition. The judgment also opens doors to civil cases over companies that ignoring expensive or challenging rules, such as those regarding AML/CFT.
2024-10-25T15:38:00Z By Ruth Prickett
Supply chains are about to become the next big thing in sustainability compliance. However, many organizations still lack the data and assurance capabilities to track sustainability and human rights activities across their extended supply chains – which is required by the EU’s CS3D. Many others that fall out of scope ...
2024-09-16T18:14:00Z By Ruth Prickett
Most businesses think more about their products than what they come wrapped in, but a recent U.K. penalty against Czech brewery Budweiser Budvar indicates packaging is an increasingly important element in sustainability regulations.
2025-03-10T20:56:00Z By Adrianne Appel
The public reported a 25 percent increase in losses–totaling more than $12.5 billion in 2024–to investment scams, tech rip-offs, and general fraud, according to an analysis by the Federal Trade Commission.
2025-01-08T17:13:00Z By Jeff Dale
Portuguese bank Novo Banco, S.A., fired Chief Risk Officer Carlos Jorge Ferreira Brandão “with just cause” after an internal probe discovered “suspicious financial transactions” in his sphere.
2024-12-30T14:57:00Z By Aaron Nicodemus
A prominent risk management firm has issued its predictions for the top five risks for business in 2025, along with guidance for how organizations should prepare and respond.
Site powered by Webvision Cloud