A new law, which may be included in the Queen’s autumn speech, will place virtually all punishment on the company itself, rather than on the directors of the company, according to a report in the FT.
This change in policy was revealed in a Home Office letter sent to companies in the transport, mining and construction industries, where the fatality rate is relatively high.
The new criminal offence of corporate killing caused by management failure will be charged in the instance where the company’s conduct fell ‘far below what could be reasonably be expected’.
The new law was slammed by the CBI, who said it could leave companies defenceless.
A recent study found that a record number of company directors and executives had been prosecuted for corporate manslaughter since 1998.
Mazars has announced the appointment of Michael Tripp as the new head of financial services
A new leader, Darra Singh has been appointed to lead EY’s UK government and public sector practice
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com