The guide warns that there may well be inconsistency and unpredictability as to what information is exempt from release, and in the exercise of discretion.
There is also a risk that mistakes will be made in a period of rapid change.Gordon Innes of Lovells said: ‘The Freedom of Information Act needs positive management, and should be put on every company’s agenda without delay.
‘On first reading, the Bill appears to give effective protection to confidential business information while promising the release of more government information. But a closer examination suggests there may be considerable uncertainty whether confidential information could become more easily available to competitors, customers, suppliers and interested third parties.’
Lovells and The Constitution Unit said UK business should give immediate attention to actions which will protect confidential information. Companies should review the management of information given to public authorities, analyse the information provided in terms of confidentiality and risk and design, apply suitable processes for this information and establish clear policies and processes for claiming confidentiality and ensuring that these claims are effective.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel