Publication of the draft Companies (Strategic Report and Directors’ Report) (Amendment) Regulations 2023 and the first two IFRS Sustainability Disclosure Standards are among the most noteworthy recent developments. The Employment Relations (Flexible Working) Bill has also received Royal Assent and in-house lawyers should be aware of two related consultations on flexible working arrangements.
A consultation on the UK Corporate Governance Code is the most high-profile development to keep track of this month. In-house lawyers should also be aware of a call for evidence for the non-financial reporting information review and another on the role that lawyers’ conduct can play in the misuse of non-disclosure agreements.
On behalf of the Practical Law Future Forum Steering Committee, we would like to invite you to participate in a meeting on the topic of mentoring and career development for early-career in-house lawyers, at 1300-1400 on Tuesday 20 June via Teams webinar.
The latest Centre for Legal Leadership webinar, hosted in conjunction with Thomson Reuters, focused on how to build and lead an in-house legal team. The discussion touched on a variety of topics, including client focus, collaboration, teamwork, recruitment, career development and hybrid working.
Consultations launched by the Financial Conduct Authority (FCA), on significant reform proposals to the UK listing regime, and the Competition and Markets Authority (CMA), on the development and use of artificial intelligence (AI) foundation models, will be of interest to in-house lawyers. The High Court’s decision to refuse ClientEarth permission for its derivative claim against Shell on its directors’ approach to energy transition and climate risk is noteworthy too.
Practical Law Global Intellectual Property & Technology has published 34 Quick Compare charts, which allow you to review and compare information about IP law and practice across different jurisdictions. The charts provide multi-layered content, allowing you to view “at a glance” summaries, together with more detailed explanations, citations and links to other relevant resources.
Publication of climate change guidance for solicitors and a statement on post COVID-19 AGM practices and shareholder rights are among the key developments this month. In-house lawyers should also be aware of a consultation on the Data Protection and Digital Information (No 2) Bill.
Keeping up with developments in digital technology is essential for an organisation or business to stay relevant. However, a key challenge is the rapidly expanding breadth and depth of regulation and legislation applicable to the use of digital technology. As organisations embrace digital transformation, they may be exposed to unfamiliar regulatory environments.
Practical Law has published a sectors note explaining the concept of digital transformation. The note identifies the principal legal and regulatory issues associated with different aspects of digital transformation in the UK. Among others, the note considers the laws and regulations affecting cloud computing, the Internet of Things, artificial intelligence, distributed ledger technology and new supply models.
The Thomson Reuters Institute’s 2023 State of the Corporate Law Department report examines law department leaders’ key priorities for this year. The findings are the result of 1,569 interviews with professionals from corporate law departments of companies with more than $1 billion in global revenue.
Diversity on boards is a key theme this month due to the recent publication of reports by the FTSE Women Leaders Review and the Parker Review Committee. Developments in the electronic execution of documents and UK Immigration Rules are also noteworthy.