• The Home Office has announced that it is writing to 17,000 businesses to tell them to publish statements on their efforts to eliminate slavery and human trafficking from their supply chains or risk being publicly named. Under the Modern Slavery Act 2015, certain businesses (including non-UK companies) with a turnover of more than £36 million are required to publish a “slavery and human trafficking statement” on their website. The Home Office estimates that only 60 per cent of organisations that are subject to this requirement have in fact published a statement. At the same time, the Home Office has published its 2018 annual report on modern slavery.
  • Institutional Shareholder Services (ISS) is seeking views from stakeholders globally on its proposed voting policies for 2019. The consultation closes at 9:00p.m. on 1 November 2018. In relation to the UK and Ireland, ISS is proposing to implement a new “auditor ratification policy”, under which it will track “significant audit quality issues”. Specifically, ISS is proposing to note any lead audit partners who have been linked with “significant auditing controversies” and highlight this where they are engaged in the audit of a public company.