Modern Slavery Act – Increasing Exposures for Directors and Officers
The Modern Slavery Act 2015 received royal assent on 26 March 2015 and consolidates existing legislation concerning slavery, servitude, and human trafficking offences. The Act introduces new measures that the UK Government claims will strengthen successful prosecution against offenders while offering enhanced protections for victims.
The legislation now makes modern slavery a board issue which must be seriously considered and, where organisations or individuals fall short, new powers and sentencing can result in severe consequences for those held accountable. With the maximum sentence available for modern slavery and human trafficking offences increasing from 14 years to life imprisonment, it is important that a company’s directors and officers policy is sufficiently robust to respond to the increased exposures presented by the new law.
Download our Adviser to find out more about the implications of The Modern Slavery Act 2015 for directors and officers.