jonathan smithers - the law society...local law societies •local law societies and bar...
TRANSCRIPT
Jonathan Smithers
President of the Law Society of England and Wales
@lawsocpresident
Local practice going global
• Globalisation – a driver of change
• Not just for City firms
• Why expand? This can be driven by:
– Meeting client demand
– Maximising opportunities and filling gaps in the market
– Commercial opportunities from emerging markets
Supporting our members
Modern slavery on our doorstep
• Global business
carries inherent risk
• Risk of exploitation in
the supply chain
• Modern slavery may
be happening in the
UK
• Ignorance is no longer
an excuse
The legislation
• Business and respect for human rights go hand in hand
• Government’s 2013 National Action Plan incorporate UN
Guiding Principles into national legislation
• Plan includes measures to:
– Support, motivate and incentivise business to meet
responsibilities
– Ensure access to remedy for victims of abuse
– Promote understanding of how addressing human rights
risk/impacts can improve commercial success
Progress has been made...
• Amendments made to the 2006 Companies Act
• All public listed companies to report on human rights impact
• Modern Slavery Act 2015 has come into force
– Companies to take action on end-to-end supply chain
– Requires large businesses to issue annual statements on what
they are doing to stop enforced labour or trafficking in their
supply chains
• British Government issued guidance to foreign missions
• How to promote business and human rights abroad and advise
British business operation outside the UK
The Action Plan today
• Plans to improve the content of the plan include:
– Extending reporting requirements of Companies Act 2006 to
private companies as well as listed
– Monitoring and enforcing supply chain reporting requirements
of the Modern Slavery Act
– Improving accountability and judicial mechanisms of redress for
victims
– Prosecution of companies and directors for flouting laws
Local Law Societies
• Local law societies and bar associations are promoting
the values of business and human rights
• Solicitors must look within their own firms and
businesses to assess their human rights impact
• Steps to manage risk:
• Procurement rules to exclude tender where evidence of
company misconduct
• Ensuring agency staff retained are treated with respect and paid
properly
What the Law Society is doing
• We are launching a Practice Note on business and
human rights
• This will provide help for members and local societies,
with guidance on:
– Seeing law firms as business enterprises
– Solicitors seen as advisers to a broad range of businesses
– Firms facing client questions on human rights, including due
diligence and audit requirements
In conclusion, what else?
• Despite the work of Government, there are still
potential abuse, as seen in car washes around the
country
• Law societies and bar associations are uniquely placed
to tackle this (e.g. Prevention)
• We can all help our members and firms manage their
own human rights impact and educate their clients
• Thank you