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UK: Remuneration - FSA Guidance replaces tiering with new proportionality regime
The FSA has recently published finalised guidance on proportionality and remuneration in respect of its Remuneration Code. The changes, which came …
ESMA consults on guidelines on remuneration policies and practices under MiFID
ESMA has published a consultation paper on proposed guidelines on remuneration policies and practices under the Markets in Financial Instruments …
Female quotas on corporate boards: draft EU legislative proposal to require Europe's listed companies to have at least 40% female non-executive directors
Europe's listed companies could be forced to ensure that at least 40% of non-executive board positions are held by women by 2020 or face fines or other …
UK: Guide to the AIFMD remuneration rules
On 28 June 2012, the European Securities and Markets Authority published its Consultation Paper on its proposed guidelines on the remuneration of …
UK: Statutory holiday - employees unable to take holiday due to sick leave can carry it over into a new year without express request
Where an employee is unable or unwilling to take their EU-derived entitlement to 4 weeks' statutory holiday in the current holiday year due to being on …
UK: Dismissal compensation - employers can be liable for value of death in service benefit payout where employee dies shortly after dismissal
Compensation for unfair and discriminatory dismissal can include the value of a death in service benefit, as this is a loss suffered by the employee …
UK: Constructive dismissal - employers may prevent a breach of trust and confidence by making amends for mistreatment
Employers should always investigate employee complaints of mistreatment and make amends if appropriate. Where the conduct complained of is not yet …
UK: Redundancy - continued confusion over whether reduction in total hours, rather than total employees, qualifies
Last month we reported an EAT ruling (Packman) that a reduction in total employee hours needed, ie in full-time equivalent employees, could be a …
UK: Unfair dismissal - care needed when relying on loss of trust and confidence
Employers should not rely on "breakdown of trust and confidence" as a reason for dismissal without careful consideration of their true reasons and …
UK: Employment tribunal fees - plans confirmed for Summer 2013
The government has confirmed its proposals for tribunal fees following public consultation. From Summer 2013 claimants will have to pay an "issue" fee …
UK: Employment tribunals - recommendations for revised tribunal rules
Following a review requested by the Government, Mr Justice Underhill has published his recommended reforms to the employment tribunal rules. The …
UK: New resources - July 2012
CIPD and HSE free stress management tool designed to help equip managers with the skills to manage positively and prevent stress in their staff. …
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