In 2021, the Institute of Directors (IoD) in Ireland and the Diligent Institute conducted the first research to understand how boards address environmental, social, and governance (ESG) issues and integrate ESG-related risks and opportunities into their strategies.
In 2022 followed, a second research initiative, described in the 2022 report launched last November, covers the importance of ESG, including board oversight and structure, strategy, risk, and boardroom practices, skills, and EU legislation.
On 25 November 2022, Lavazza Group signed the new company agreement with the united union representation of the management centre and the Fai-Cisl and Uila-Uil organisations.
It widely expands the corporate welfare package for the three-year period 2023-2025., seeking a work-life balance for all employees.
On 17 November 2022, the Court of Justice of the European Union ruled on corporate welfare in the case of a UK company that offered vouchers to its employees as part of a programme to reward the most deserving and efficient staff.
According to the European Court of Justice, such provision does not fall within the scope of Article 26 paragraph 1(b) VAT Directive, and those vouchers are not subject to VAT.
E-commerce giant Shopify changed its compensation system, introducing a new approach to reward employees with more financial flexibility as part of a long-term strategy to attract and retain talent.
Using proprietary software Flex Comp, employees can choose how they want to allocate their total reward between base salary, Restricted Stock Units (RSUs), and Stock Options, with new features like Shop Cash in the future.
The Adecco 2022 global study provides insights into the attitudes of the current workforce and offers food for thought to help organisations future-proof their talent.
It is the third edition of the research, as it follows “Resetting Normal: Defining the New Era of Work” of 2020 and 2021, we reported here.
On 26 June 2022, G7 Leaders, at the end of their annual Summit, confirmed their commitment to addressing global challenges as growing inequity, achieving gender equality, the rising cost of living, climate change, pandemic preparedness and the need for a just transition to a sustainable and inclusive future.
On 3 June 2022, the Government published the gender pay gap reporting regulations, setting out the details of the reporting obligations under the Gender Pay Gap Information Act 2021.