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Recent Editions
North America
Human Times
Recent actions by companies like Ford and Lowe's to dismantle their diversity, equity, and inclusion (DEI) initiatives have raised concerns about alienating LGBTQ+ employees. According to a survey by the Human Rights Campaign (HRC), nearly 80% of LGBTQ+ respondents indicated they would boycott companies that rolled back DEI policies. Furthermore, 20% stated they would consider quitting if their employer made such changes. The survey highlights that over 72% of participants felt their workplace experience would suffer due to these rollbacks. Despite some companies facing pressure to eliminate DEI programs, the data suggests that LGBTQ+ employees are closely monitoring corporate support for their community, with 93% believing that a perfect score on the Corporate Equality Index reflects strong support. As the backlash against DEI initiatives grows, it remains to be seen how companies will respond to the voices of their LGBTQ+ workforce.
Full IssueUK
Human Times
PwC has told its UK employees that it will start monitoring their office attendance as the firm toughens up its hybrid work policy. A memo sent to staff on Thursday by managing partner Laura Hinton also told staff and partners that they should spend at least three days a week in the office or with clients, up from two or three days previously. “We will start sharing your individual working location data with you on a monthly basis from January as we do with other data such as chargeable hours,” Hinton wrote in the memo. “This will help to ensure that the new policy is being fairly and consistently applied across our business.” She added: “We all benefit from the positive impact of a hybrid approach, but the previous guidance of at least two to three days a week was open to interpretation.”
Full IssueUSA
Education Slice
The recent shooting at Apalachee High School in Winder, Georgia, where a 14-year-old student killed two classmates and two teachers, has raised urgent questions about school threat assessments. The FBI had received several anonymous tips in May 2023 regarding online threats of a school shooting, but the Jackson County Sheriff's Office could not definitively link these to the suspect at the time. Dewey Cornell, a professor at the University of Virginia, emphasized the need for caution, stating: “We’ve got to not jump to conclusions about this particular case.” Experts stress the importance of comprehensive threat assessment strategies in schools, as 85% of public schools reported having a behavioral threat assessment team. However, challenges remain due to varying practices and a lack of resources. As Pauline Moore from the RAND Corporation noted: “There is such a volume of threats these days on social media against schools,” complicating the identification of real threats.
Full IssueUSA
Accountancy Slice
In a significant address at the Economic Club of New York, Republican presidential candidate Donald Trump outlined his economic agenda, promising to reduce the corporate tax rate from 21% to 15% for companies that make their products in the U.S., cut regulations, and audit the federal government. He emphasized his commitment to "low taxes, low regulations, low energy costs, low interest rates, secure borders, [and] low, low, low crime," contrasting his plans with those of his Democratic rival, Kamala Harris. Mr. Trump proposed additional measures to boost domestic manufacturing and corporate research, including immediate writeoffs for capital expenses and an expanded tax credit for research and development. A second Trump administration would also establish a government efficiency commission headed by billionaire supporter Elon Musk, "tasked with conducting a complete financial and performance audit of the entire federal government." "I look forward to serving America if the opportunity arises," the Tesla chief wrote on X on Thursday. "No pay, no title, no recognition is needed."
Full IssueScotland
Legal Matters Scotland
The Abortion Services (Safe Access Zones) (Scotland) Bill, which creates 200m buffer zones around abortion clinics, will take effect on September 24. The legislation aims to protect women from harassment by anti-abortion protesters, with only one MSP voting against it. Scottish Greens MSP Gillian Mackay said: “This is a pivotal moment for reproductive rights in Scotland,” highlighting the need to end the intimidation faced by women seeking healthcare. The law prohibits actions that “intentionally or recklessly influence another person's decision to access abortion services” within these zones, with offenders facing fines. The bill received strong support from campaign groups like Back Off Scotland and the British Pregnancy Advisory Service.
Full IssueNorth America
Legal Slice
With the November general election approaching, legal battles over ballot issues in Pennsylvania are intensifying, and large law firms are playing a major role. Both Republicans and Democrats have enlisted the help of Big Law firms to represent them in election disputes. According to Martin Black, a partner at Dechert, election law and voting rights have become significant issues over the last decade, leading larger firms to get involved in these complex public policy matters. The firm recently won a case in Pennsylvania’s Commonwealth Court, ruling that provisional ballots cast by voters whose mail-in ballots were defective can be counted. This case involved collaboration with the Pennsylvania ACLU and the Public Interest Law Center. On the other hand, firms like Jones Day are backing the Republican National Committee in challenging the counting of improperly dated mail-in ballots, while firms like Dentons, Wilmer Cutler Pickering Hale and Dorr, and DLA Piper represent the Democratic National Committee and other voting rights groups. The involvement of major law firms in election litigation has become more prominent since the 2020 election, as legal challenges related to voting procedures have become more frequent. Both sides are preparing for extensive litigation as the election nears, with familiar firms representing clients in these high-stakes cases.
Full IssueEurope
Risk Channel
Rob Lucas, chief executive of CVC Capital, has cautioned that tax increases on wealth could lead to a significant departure of financiers from London. He said: "The international finance world is an incredibly dynamic world. People are moving all the time," highlighting the potential impact of tax changes on the decisions of non-British partners and staff. The Chancellor is considering adjustments to capital gains taxes and a crackdown on carried interest, which is currently taxed between 18% and 28%. Despite these concerns, Lucas believes that changes to carried interest will not significantly affect CVC's operations. Fred Watt, CVC's chief financial officer, expressed confidence that the government will ensure the UK remains competitive in attracting investment.
Full IssueNorth America
CFO Slice
In a significant address at the Economic Club of New York, Republican presidential candidate Donald Trump outlined his economic agenda, promising to reduce the corporate tax rate from 21% to 15% for companies that make their products in the U.S., cut regulations, and audit the federal government. He emphasized his commitment to "low taxes, low regulations, low energy costs, low interest rates, secure borders, [and] low, low, low crime," contrasting his plans with those of his Democratic rival, Kamala Harris. Mr. Trump proposed additional measures to boost domestic manufacturing and corporate research, including immediate writeoffs for capital expenses and an expanded tax credit for research and development. A second Trump administration would also establish a government efficiency commission headed by billionaire supporter Elon Musk, "tasked with conducting a complete financial and performance audit of the entire federal government." "I look forward to serving America if the opportunity arises," the Tesla chief wrote on X on Thursday. "No pay, no title, no recognition is needed."
Full Issue