The size of companies affected will now be set at the lowest threshold upon which the Government consulted - £36 million. According to the consultation, the intention for the Regulations, which are due in October, is that the turnover threshold will be measured on global group turnover regardless of the size of the organisation's operation in the UK.
The annual statement must be signed off at board level and published on an organisation's website with a link from the home page. The statement should cover the entirety of the organisation's operations – which seems to mean the holding company and all subsidiaries globally along with all of their supply chains.
What are you doing to combat modern slavery? We will be hosting a seminar from 16.00 to 21.00 on 15 September 2015 to address the Act and the issues it raises - hold the date. We have also formed our own team combining lawyers and social compliance consultants to assist clients to comply.