The document summarizes the key requirements for complying with the UK's Modern Slavery Act (MSA) statement. It addresses questions like who must comply, what must be included in the statement, when it must be published, who must approve it, and where it must be published. The key requirements are that large businesses over a £36 million threshold must publish an annual statement outlining their anti-slavery efforts. Statements should be approved by senior management, published on the company website, and address due diligence and risk assessment processes. Failure to comply could result in reputational damage though legal enforcement is intended as a last resort.
This schema represents a general view of the demand management framework. Developed using lean, kanban, project management and software engineering concepts, this framework covers from the business to IT.
This schema represents a general view of the demand management framework. Developed using lean, kanban, project management and software engineering concepts, this framework covers from the business to IT.
I would like to highlight the top ten issues in each of the following ten phases of any ERP Implementation. Having worked with multiple ERP (Oracle, Baan & Damgaard (Demo Project)) Systems and involved in BI Tools (Hyperion, Crystal Reports and Cognos) Implementation Projects over 22 years, I feel I can share my views to the best of my knowledge and belief. The below points are generic and NOT SPECIFIC to any ERP Systems.
I. TOP 10 ERP OFFERINGS
II. TOP 10 ERP BENEFITS
III. TOP 10 ERP HURDLES
IV. TOP 10 ERP PROJECT MANAGEMENT ISSUES
V. TOP 10 ERP PROJECT IMPLEMENTATION ISSUES
VI. TOP 10 ERP PROJECT RISK MANAGEMENT ISSUES
VII. TOP 10 ERP PROJECT MITIGATION ISSUES
VIII. TOP 10 ERP PROJECT SUPPORT ISSUES
IX. TOP 10 ERP PROJECT PRODUCT ISSUES
X. TOP 10 ERP PROJECT TECHNOLOGY ISSUES
Let us review the critical ten points in each of the above phases
After preparing this presentation, I thought, it is too late and this presentation should have been made 20-25 years back when ERP was at its peak. Neverthless, I hope it may still be helpful for someone.
If any other Points merit consideration in this presentation as top 10, please bring it to my attention and let me see how we can incorporate and modify the same.
Hope you find it useful and looking forward your feedback. Jaihind
IT Governance - Capability Assessment using COBIT 5Eryk Budi Pratama
(re-upload)
Capability assessment of IT Governance using COBIT 5 Process Assessment Model (PAM). Presented for Information System Department, Universitas Bakrie - Indonesia
IIBA has introduced Entry Certificate in Business Analysis (ECBA) for becoming a business analyst. This presentation provides details about the ECBA Certification and the strategy to prepare for the certification exam.
The ECBA Certification preparation approach is also discussed in our business analyst certification training course:
http://techcanvass.com/Courses/business-analyst-training.aspx
Techcanvass is a software development and training organization. We provide IT certifications training for mid-level professionals.
We specialize in the following areas:
a) Selenium v3.0 training (CP-SAT and Techcanvass Certification)
b) IIBA Business Analysis certifications (all levels)
c) Certified Agile Business Analyst Training
d) Data Science Training ( R, Python and Big Data) and Tableau
Website: http://techcanvass.com
Facebook Page: https://www.facebbook.com/Techcanvass
Twitter Handle: @techcanvass
Request to Fulfill Presentation (IT4IT)Rob Akershoek
The Request to Fulfill (R2F) value stream presentation. R2F is one of the four value streams of the IT4IT Reference Architecture of The Open Group.
How to manage your IT organization as a professional IT shop? Provide a self service portal for end-users and IT staff to order IT services and IT resources. Automate the entire process from request to actual deployment and provisioning.
Mergers and Acquisitions Project Plan PowerPoint Presentation Slides SlideTeam
Mergers and Acquisitions is a common practice for business growth, companies see this as an opportunity to improve their competitive edge. Download our Mergers And Acquisitions Project Plan PowerPoint Presentation Slides to highlight your M&A strategy. Business valuation PowerPoint complete deck assist you in presenting each step in detail as it includes a set of slides like key steps, company overview, business, and financial overview, determining new growth market, types of inorganic opportunities, M&A criteria, identify targets, balance sheet KPIs, cash flow statement, financial projections, key financial ratios, liquidity and profitability ratios, activity and solvency ratios, M&A synergy framework, company valuation methodologies, valuation results, business due diligence process, post-merger integration framework, challenges and performance tracker etc. This strategic alliance Presentation template can benefit professionals from different industries. Download M&A strategy PPT slide to give a presentation on corporate finances, management, and strategy Our Mergers And Acquisitions Project Plan PowerPoint Presentation Slides ensure focused attention to your thoughts. They get exclusive handling.
A study into the causes of modern slavery and human trafficking. Human Trafficking Project - 1st Likeyo Kalyvia (Athens, Greece) and Liceo Classico-Linguistico "F. Petrarca" (Trieste, Italy)
Slavery exists today despite the fact that it is illegal in all the countries where it is practiced. According to the International Labour Organisation (ILO) 20.9 million men, women and children around the world are in slavery.
Are you ready for the Modern Slavery Act 2015? Download our quick guideBrowne Jacobson LLP
This guidance note considers the (wide range of) organisations that S54 applies to, the measures that organisations are required to take to ensure compliance - particularly what the requisite ‘slavery statement’ must comprise - and the sanctions for non-compliance.
Realizing the benefits: the impact of Integrated ReportingBlack Sun plc
This presentation by the IIRC presents research carried out by Black Sun on the tangible impacts of Integrated Reporting.
The study was conducted with participants of the three year IIRC Pilot Programme, a network of 140 influential businesses such as HSBC and Marks & Spencer and investors from 26 countries that have helped the IIRC develop and test the International Integrated Reporting Framework, building on earlier research from 2012.
Key findings: Corporates are seeing tangible benefits of moving towards better, forward-looking, holistic reporting.
What makes an effective corporate website?Black Sun plc
This presentations explores how FTSE companies are using their corporate websites to tell their stories to the diverse stakeholder groups, and the trends that are effecting their evolution.
Transforming your corporate website to engage stakeholdersBlack Sun plc
The world of digital never stands still. Stakeholder needs and priorities change, user habits and behaviours continuously evolve, and digital technology advances. You need to make sure that your website achieves your communications objectives, communicating your corporate story to your audiences wherever they are, whatever their device.
This presentation considers the findings of Black Sun's latest research on how well FTSE 100 corporate sites meet the needs of their audiences, including some of the most common mistakes made.
Transforming your corporate website to create a compelling digital presenceBlack Sun plc
This presentation identifies digital trends and shares top tips to create a compelling corporate website and improve how your audience experiences your corporate story.
This presentation looks at:
• Latest trends in user experience and design from across the digital landscape.
• What makes a great user experience and the important aspects to consider.
• The latest trends in user experience design.
• Tools and techniques you can use to create an excellent user experience.
I would like to highlight the top ten issues in each of the following ten phases of any ERP Implementation. Having worked with multiple ERP (Oracle, Baan & Damgaard (Demo Project)) Systems and involved in BI Tools (Hyperion, Crystal Reports and Cognos) Implementation Projects over 22 years, I feel I can share my views to the best of my knowledge and belief. The below points are generic and NOT SPECIFIC to any ERP Systems.
I. TOP 10 ERP OFFERINGS
II. TOP 10 ERP BENEFITS
III. TOP 10 ERP HURDLES
IV. TOP 10 ERP PROJECT MANAGEMENT ISSUES
V. TOP 10 ERP PROJECT IMPLEMENTATION ISSUES
VI. TOP 10 ERP PROJECT RISK MANAGEMENT ISSUES
VII. TOP 10 ERP PROJECT MITIGATION ISSUES
VIII. TOP 10 ERP PROJECT SUPPORT ISSUES
IX. TOP 10 ERP PROJECT PRODUCT ISSUES
X. TOP 10 ERP PROJECT TECHNOLOGY ISSUES
Let us review the critical ten points in each of the above phases
After preparing this presentation, I thought, it is too late and this presentation should have been made 20-25 years back when ERP was at its peak. Neverthless, I hope it may still be helpful for someone.
If any other Points merit consideration in this presentation as top 10, please bring it to my attention and let me see how we can incorporate and modify the same.
Hope you find it useful and looking forward your feedback. Jaihind
IT Governance - Capability Assessment using COBIT 5Eryk Budi Pratama
(re-upload)
Capability assessment of IT Governance using COBIT 5 Process Assessment Model (PAM). Presented for Information System Department, Universitas Bakrie - Indonesia
IIBA has introduced Entry Certificate in Business Analysis (ECBA) for becoming a business analyst. This presentation provides details about the ECBA Certification and the strategy to prepare for the certification exam.
The ECBA Certification preparation approach is also discussed in our business analyst certification training course:
http://techcanvass.com/Courses/business-analyst-training.aspx
Techcanvass is a software development and training organization. We provide IT certifications training for mid-level professionals.
We specialize in the following areas:
a) Selenium v3.0 training (CP-SAT and Techcanvass Certification)
b) IIBA Business Analysis certifications (all levels)
c) Certified Agile Business Analyst Training
d) Data Science Training ( R, Python and Big Data) and Tableau
Website: http://techcanvass.com
Facebook Page: https://www.facebbook.com/Techcanvass
Twitter Handle: @techcanvass
Request to Fulfill Presentation (IT4IT)Rob Akershoek
The Request to Fulfill (R2F) value stream presentation. R2F is one of the four value streams of the IT4IT Reference Architecture of The Open Group.
How to manage your IT organization as a professional IT shop? Provide a self service portal for end-users and IT staff to order IT services and IT resources. Automate the entire process from request to actual deployment and provisioning.
Mergers and Acquisitions Project Plan PowerPoint Presentation Slides SlideTeam
Mergers and Acquisitions is a common practice for business growth, companies see this as an opportunity to improve their competitive edge. Download our Mergers And Acquisitions Project Plan PowerPoint Presentation Slides to highlight your M&A strategy. Business valuation PowerPoint complete deck assist you in presenting each step in detail as it includes a set of slides like key steps, company overview, business, and financial overview, determining new growth market, types of inorganic opportunities, M&A criteria, identify targets, balance sheet KPIs, cash flow statement, financial projections, key financial ratios, liquidity and profitability ratios, activity and solvency ratios, M&A synergy framework, company valuation methodologies, valuation results, business due diligence process, post-merger integration framework, challenges and performance tracker etc. This strategic alliance Presentation template can benefit professionals from different industries. Download M&A strategy PPT slide to give a presentation on corporate finances, management, and strategy Our Mergers And Acquisitions Project Plan PowerPoint Presentation Slides ensure focused attention to your thoughts. They get exclusive handling.
A study into the causes of modern slavery and human trafficking. Human Trafficking Project - 1st Likeyo Kalyvia (Athens, Greece) and Liceo Classico-Linguistico "F. Petrarca" (Trieste, Italy)
Slavery exists today despite the fact that it is illegal in all the countries where it is practiced. According to the International Labour Organisation (ILO) 20.9 million men, women and children around the world are in slavery.
Are you ready for the Modern Slavery Act 2015? Download our quick guideBrowne Jacobson LLP
This guidance note considers the (wide range of) organisations that S54 applies to, the measures that organisations are required to take to ensure compliance - particularly what the requisite ‘slavery statement’ must comprise - and the sanctions for non-compliance.
Realizing the benefits: the impact of Integrated ReportingBlack Sun plc
This presentation by the IIRC presents research carried out by Black Sun on the tangible impacts of Integrated Reporting.
The study was conducted with participants of the three year IIRC Pilot Programme, a network of 140 influential businesses such as HSBC and Marks & Spencer and investors from 26 countries that have helped the IIRC develop and test the International Integrated Reporting Framework, building on earlier research from 2012.
Key findings: Corporates are seeing tangible benefits of moving towards better, forward-looking, holistic reporting.
What makes an effective corporate website?Black Sun plc
This presentations explores how FTSE companies are using their corporate websites to tell their stories to the diverse stakeholder groups, and the trends that are effecting their evolution.
Transforming your corporate website to engage stakeholdersBlack Sun plc
The world of digital never stands still. Stakeholder needs and priorities change, user habits and behaviours continuously evolve, and digital technology advances. You need to make sure that your website achieves your communications objectives, communicating your corporate story to your audiences wherever they are, whatever their device.
This presentation considers the findings of Black Sun's latest research on how well FTSE 100 corporate sites meet the needs of their audiences, including some of the most common mistakes made.
Transforming your corporate website to create a compelling digital presenceBlack Sun plc
This presentation identifies digital trends and shares top tips to create a compelling corporate website and improve how your audience experiences your corporate story.
This presentation looks at:
• Latest trends in user experience and design from across the digital landscape.
• What makes a great user experience and the important aspects to consider.
• The latest trends in user experience design.
• Tools and techniques you can use to create an excellent user experience.
Attempting to inform, remember actions taken, and inspire next steps in the fight against modern-day slavery. Originally presented to an assembly of Woodridge United Methodist Church committees on National Human Trafficking Awareness Day, Jan. 11, 2011.
The Bribery Act 2010 gained Royal Assent on 8 April 2010 and represents the most significant change in the UK government’s approach to tackling bribery and corruption for over 100 years. The Bribery Act 2010 replaces outdated legislation, bringing the UK in line with the OECD AntiBribery Convention and aims to make the UK a better place for conducting business.
The primary focus for companies is the new offence of failure by a commercial organisation to prevent bribery. All offences carry a maximum prison sentence of 10 years, with the exception of the offence relating to failure to prevent bribery, which carries an unlimited fine.
Where a director is convicted of bribery, they may also be disqualified from holding a director position for up to 15 years
5 reasons why ABAC training is a must during the ongoing pandemic!WorkViberm
The recent times have been hard for all businesses, trying to cope with lockdowns, restrictions on movements, etc. Companies dealing with essential goods and services such as pharma and healthcare sectors and e-commerce have been working throughout the pandemic to ensure that society can sustain and live well.
On Tuesday, 23 September, MCRB hosted a half-day workshop on “Anti-Corruption Programmes” for Myanmar businesses in Yangon. The workshop, held in collaboration with Spectrum – a Yangon-based sustainable development knowledge network - was the first in a series of events to follow-up on the Transparency in Myanmar Enterprises (TiME) report and build business capacity in the area of anti-corruption and human rights.
Ideas, insights and inspiration on the topic of sustainability for anti-corruption Collective Action initiatives. The ideas arise from the 2020 Integrity Partners Workshop Series, hosted by the Basel Institute on Governance in August 2020 with the support of the Siemens Integrity Initiative.
Mergers_ Tool to Survive the Second Wave of Covid19 3.pdfmyLawyerAdvise
One of the main objectives of an entity is GOING CONCERN. Many business organisations shut down as a result of covid due to lack of resources in operating their routine transactions. The most suitable solution for small scale businesses post covid is merger. Mergers will lead to expansion of resources, retention of employment, fund rotation, adequate balance of demand and supply etc. As the firms emerge from the pandemic, mergers would be the best way to come out of the financial stress for small businesses. It will help leaders gain economies of scale or at least the potential to run more efficiently. Once the economy recovers and accelerates out of recession, the small businesses can take advantage of the environment to execute its strategic acquisition agenda and to position the business to exceed industry-average growth. Mergers are a great way to lock down your business and create job opportunities, allowing customers to access your products and services. It will be a mutually beneficial situation
Avoiding Costly Fines: A 2013 Guide to Compliance MandatesSage HRMS
For more than 30 years, Sage has been a leader in the development of Human Resource Management Systems (HRMS) software. Thousands of midsized businesses nationwide have implemented our popular Sage HRMS solutions. From those experiences, we’ve learned that compliance is one of the top challenges facing any human resources department. It can be difficult to stay on top of all of the state and federal workforce laws, regulations, and reporting requirements.
It’s up to HR to ensure that hiring, discipline, and termination practices are compliant with the law. Otherwise, you could put your company at risk of incurring fines, penalties, and employee lawsuits. And mistakes can be costly. More than one-third of private companies surveyed by Chubb Insurance had experienced an employment-law event (EEOC charge filed or employee lawsuit), at an average cost of $74,400 per incident.
Sage created this guide to help you stay informed about the latest workforce compliance laws and regulations that may affect your organization. Staying abreast of current mandates enables you to communicate with and train management and employees so that the company is not at risk of expensive employee lawsuits. As with all issues with legal circumstances, the use of this material is not a substitute for the advice of a lawyer and when in doubt or for advice with respect to any specific human resources mandate please contact your lawyer. Additionally, this material is provided for informational purposes only and not for the purpose of providing legal advice.
CSR and its important definitions - Dr S. ChandrasekaranD Murali ☆
CSR and its important definitions - Dr S. Chandrasekaran - Article published in Business Advisor, dated August 25, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
This presentation was delivered at the ISO 37001 & Anti-Bribery PECB Insights Conference by Ralph Haddad, Global Compliance Leader at Anti-Corruption at CAE Inc.
Key Take aways -
» To successfully develop and implement an anti-corruption framework, an organization must have an excellent tone at the top.
» An anti-corruption framework must have a robust, clear, and comprehensive de nition section for any employee or vendor to refer to.
» Assess your organization’s culture with adequate risk assessments and take steps to mitigate problem areas.
» The degree of con dentiality and mechanism of reporting offered to employees will inform the level of trust those
employees maintain.
» Investigation procedures and disciplinary actions that an employee might face are indicators of an organization’s tolerance and intolerance toward misconduct.
Legal shorts 05.12.14 including Chancellor’s 2014 Autumn statement and FCA up...Cummings
Welcome to Legal Shorts, a short briefing on some of the week’s developments in the financial services industry.
If you would like to discuss any of the points we raise below, please contact me or one of our other lawyers.
2. What are the MSA requirements?
1 Do we need to comply?
2 What do we have to do?
3 When do we have to comply?
4 When should we publish the statement?
5 What should be included in the statement?
6 Who should approve the statement?
7 Where should we publish the statement?
8 What happens if we don’t comply?
3. 1. Do we need to comply?
What the Guidance says
s3 (1): Any organisation in any part of a group structure will be required to comply with the provision and produce a statement if they:
• are a body corporate or a partnership (described as an “organisation” in this document), wherever incorporated;
• carry on a business, or part of a business, in the UK;
• supply goods or services; and
• have an annual turnover of £36m or more.
s3 (2): Total turnover is calculated as:
a) the turnover of that organisation; and
b) the turnover of any of its subsidiary undertakings (including those operating wholly outside the UK).
4. Keep it up
Remember
An organisation must produce a statement each year that its turnover is over the threshold of £36m.
However, the Guidance strongly recommends that organisations continue to publish a statement
even if its turnover falls below this threshold.
5. 2. What do we have to do?
What the Act says
s54 (4): A slavery and human trafficking statement for a financial year is—
(a) a statement of the steps the organisation has taken during the financial year to ensure that slavery and human
trafficking is not taking place—
(i) in any of its supply chains, and
(ii) in any part of its own business, or
(b) a statement that the organisation has taken no such steps.
What the Guidance says
2.3: When the Act refers to ensuring that slavery and human trafficking is not taking part in any part of its supply chain, this does not
mean that the organisation in question must guarantee that the entire supply chain is slavery free. Instead, it means an
organisation must set out the steps it has taken in relation to any part of the supply chain (that is, it should capture all the
actions it has taken).
2.4: The provision requires an organisation to be transparent about what is happening within its business. This means that if an
organisation has taken no steps to ensure slavery and human trafficking is not taking place they must still publish a statement
stating this to be the case.
6. This is a transparency exercise
Remember
You must publish a statement which truthfully outlines your approach to modern slavery in the
supply chain, whether or not you have taken any steps to assess it.
7. 3. When do we have to comply?
The requirement for organisations to publish a statement was commenced on 29 October 2015.
However, transitional provisions have been included to allow organisations time to understand the requirement and
produce a statement.
As such, businesses with a year-end of 31 March 2016 will be the first businesses required to publish a statement.
(see the Appendix for examples of when companies will have to comply)
2015 2016
8. 4. When should we publish the statement?
6.4: To ensure the information contained is relevant and up to date, we expect organisations to publish their
statements as soon as reasonably practicable after the end of each financial year in which they are producing the
statement.
Organisations may well choose to publish the statement alongside any other annual or non-financial reports they are
required to produce.
In practice, we would encourage organisations to report within six months of the organisation’s financial year end.
9. 5. What should be included in the statement?
What the Act says
s54 (4): An organisation’s slavery and human trafficking statement may include information about—
(a) the organisation’s structure, its business and its supply chains;
(b) its policies in relation to slavery and human trafficking;
(c) its due diligence processes in relation to slavery and human trafficking in its business and supply chains;
(d) the parts of its business and supply chains where there is a risk of slavery and human trafficking taking place, and the
steps it has taken to assess and manage that risk;
(e) its effectiveness in ensuring that slavery and human trafficking is not taking place in its business or supply chains,
measured against such performance indicators as it considers appropriate;
(f) the training about slavery and human trafficking available to its staff.
What the Guidance says
5.3: It is not compulsory for an organisation to include these points in its statement. These points provide guidance and examples as
to the type of information to include in a statement so as to paint a detailed picture of the steps the organisation has taken to
address and remedy modern slavery, and the effectiveness of such steps.
10. It’s up to you
Remember
It is up to organisations how they present information in the statement and how much detail they provide.
The information presented in the statement will be determined by the organisation’s sector, the complexity
of its structure and supply chains, or the particular sectors and nations its suppliers are working in.
11. 6. Who should approve the statement?
What the Act says
s54 (6): A slavery and human trafficking statement—
(a) if the organisation is a body corporate other than a limited liability partnership, must be approved by the board of
directors (or equivalent management body) and signed by a director (or equivalent);
(b) if the organisation is a limited liability partnership, must be approved by the members and signed by a designated
member;
(c) if the organisation is a limited partnership registered under the Limited Partnerships Act 1907, must be signed by a
general partner;
(d) if the organisation is any other kind of partnership, must be signed by a partner.
What the Guidance says
7.2: To effectively combat modern slavery, senior managers will “need to ensure credible evidence is used in identifying and
reporting on human rights risks in supply chains, as well as to remedy workers and rectify problems where appropriate”.
12. Make it meaningful
Remember
MSA is not meant to be a box-ticking exercise. Board sign-off should follow meaningful engagement with
the due diligence process, with senior managers ensuring that everyone in their organisation is alive to the
risks of modern slavery
13. 7. Where should we publish the statement?
What the Act says
s54 (7): If the organisation has a website, it must—
(a) publish the slavery and human trafficking statement on that website; and,
(b) include a link to the slavery and human trafficking statement in a prominent place on that website’s homepage.
(8): If the organisation does not have a website, it must provide a copy of the slavery and human trafficking statement to anyone
who makes a written request for one, and must do so before the end of the period of 30 days beginning with the day on which
the request is received.
14. 7. Where should we publish the statement?
What the Guidance says
8.2: In some instances, where there is a complex organisational structure, an organisation may have more than one outward-facing
website. For organisations where there is more than one website we recommend placing the statement on the most appropriate
website relating to the organisations business in the UK. Where there is more than one relevant website we recommend placing
a copy of the statement or a link to the statement on each relevant website.
15. Make it easy to find
Remember
The Act is clear that the link must be in a prominent place on the home page itself.
A prominent place may mean a modern slavery link that is directly visible on the home page or part of an
obvious drop-down menu on that page. The Guidance recommends a link with a title such as
‘Modern Slavery Act Transparency Statement’.
16. 8. What happens if we don’t comply?
What the Guidance says
Failure to produce a statement could theoretically result in the Secretary of State seeking a High Court injunction requiring
compliance, while further failure to comply could result in an unlimited fine.
However, Section 2.8 of the Guidance makes it clear that the Government hopes for “consumers, investors and Non-Governmental
Organisations to engage and/or apply pressure where they believe a business has not taken sufficient steps.”
In this case, the Government expects stakeholder pressure and the considerable reputational risk arising from non-compliance to be
sufficient for organisations to producing a statement.
17. Simply good practice
What the Guidance says
1.7: A focus on tackling modern slavery not only protects vulnerable workers and helps prevent and remedy severe human rights
violations, it can bring a number of business benefits too. These include:
• protecting and enhancing an organisation’s reputation and brand;
• protecting and growing the organisation’s customer base as more consumers seek out businesses with higher ethical standards;
• improved investor confidence;
• greater staff retention and loyalty based on values and respect; and
• developing more responsive, stable and innovative supply chains.
18. The value of better communications
As the Government says
1.9: Reporting requirements can drive better strategic understanding of the risks and impacts of an
organisation’s core activities in relation to the environment and human rights.
The disclosure of these management tools allows investors to move capital towards more sustainable,
responsible organisations and strengthen the long-term ethical sustainability of the financial system.
20. 3. When do we have to comply?
Business A has a financial year-end of
31 December 2015. The transparency
provisions do not take effect in relation
to financial years ending before 31
March 2016. Business A, therefore, does
not need to complete a statement for
the financial year-end 30 November
2015. Business A’s first statement will
need to be produced for the financial
year 1 January 2016 to 31 December
2016.
Business B has a year end of 31 March
2016 and so is required to produce a
statement for the current financial year.
Business B has undertaken a number of
activities throughout the financial year
relating to tackling modern slavery,
including activity prior to the
commencement of the provision. Their
statement should cover all the relevant
activities undertaken during the period
1 April 2015 to 31 March 2016.
Business C has a financial year-end of
30 April 2016 and so is required to
produce a statement for the current
financial year. Business C has only
started to undertake activities related
to tackling modern slavery since the
provision was commenced. Their
statement covers the financial year
from 1 May 2015 to 30 April 2016 but
only details the activity undertaken
since the transparency provision
commenced in October 2015
2015 2016 – steps already taken 2016 – steps not taken