Companies run risk of flouting new regulations

Seven out of 10 FTSE 250 companies are struggling to effectively monitor new
regulations and could be at risk from enforcement action.

A report out today, Rethinking Regulatory Risk, by the London School of Economics
and law firm DLA, finds that most companies are unprepared to deal with a
regulatory crisis.

Three-quarters of the 50 employers surveyed believe their policies in areas
such as health and safety, data protection and company law could be improved.

Almost 40 per cent of companies have not reviewed their crisis management
plans in the past 12 months and 20 per cent have never reviewed them.

Employee relations adviser at the CIPD Mike Emmott said the report shows HR
must be more proactive: "HR has to be more assertive in defining risk.

"HR must be prepared to comment and act with management training and
awareness."

www.dla.com/regulation

Comments are closed.