Business Law and Ethics: Employment Law and Corporate Social Responsibility
Verified
Added on  2023/06/11
|10
|3593
|215
AI Summary
This report discusses the regulations and legislation of employment law in the UK and the significance of Corporate Social Responsibility. It also talks about the impact of Brexit on the UK and EU.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Business Law and Ethics
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents Introduction...........................................................................................................................................2 Main Body...........................................................................................................................................2 TASK 1.............................................................................................................................................2 TASK 2.............................................................................................................................................6 Conclusion...........................................................................................................................................9 References..........................................................................................................................................10 Introduction The concept of business law talks about the regulations and conception which administers the trading and mercantile aspect. It involves the legislation which deals with contractual obligation of parties,IPR s,employment rules and so on(Fagan and Rubery, 2018). These law are particularly complied by distinct process forfulfilling successfully commercial dealings . It specify various rights and obligation of individual within enterprise while carrying transaction related with business interest. Such legislation are known as Mercantile laws which deems inclusion of accord, global laws based on commercial and governmental body with regards to mercantilism. This explains variousforeigntreatieswhichregulatestradingandcommercialfacetsinternationallyby organizations. Furthermore, companies ensures effective management of employment legislation in United Kingdom as requirement to understand the nature of enterprise conducting its function as per laws of nation and additional knowledge about moral and ethical approach for operating its work for longer period of time. This report elaborates the legislations of employment of UK. Further,it talks about significance of Corporate Social Responsibility which areinterpreted by enterprises. Moreover, gives in depth analysis with respect tostipulation in current scenery about CSR. It also explains the statement in issue regarding freedom of UK from the European Union whether it is real or illusion. Main Body TASK 1 Employment law The employment regulatory body which governs the relation of employer and employee within the structure of company . Where laws are incorporated by the authorities of nation by ensuringautonomous and just surroundings for conducting their task by the staff members of enterprise. It involves various remedial provision which provides the workers within organization award in case of violation committed on part of other person due action having contractual obligation for same. The significance of such laws states certain rights of manager and employees of
company. Such principle make liability on part of both the individuals as result they have to experience damages, injury or loss having no limits on the action carried by owner of enterprise. The legislation of employment provisions application crucially confer their views on varied aspect which are complied by parties namely as follows. At first instance it covers disability caused to workers, where such person is victimised from the issues relating with intimidation and exploiting theirrights,concernsrelatingwithinequalitywhicharecommittedongroundsofrace, gender,sex,maternity,belief,sex and religion including many others. It further enumerates letter or handbooks of rules and rights of signed by both parties under certain terms and conditions specified known as contract of employment(Freedland and Dhorajiwala,2019). This involves leaves and time when such person took off or break from its work which provide remuneration for holiday payment,equal salary for amount of work it carried. It further fixes the criteria for wages with respect to work hours, status, ageof employee in company. Even parental break which includes provision of maternity,adoption and parentalleaves are given. In case where illness or ailment is caused to individual then also such person is allowed to take break from its employment moreover it determines maximum peak of work carried with respect to its time limit and redundancy provision. These key factors must be kept in mind when dealing with provisions of employment rules relating to companies based in United Kingdom. It is mandate or compulsion upon such person for complying with these regulations on part of both parties where any violation of rights is caused due to action of another in contract then such individual has not recover damages and liable under penal provisions of respective law. There are some major and important laws which regulates the functioning of companies based in United Kingdom- ï‚·Employment Protection Act,1996:It is one of the important laws which determine the rights of staff members within corporation. This underlines various powers to employees by making them aware and vigilant in situation where there dismissal in organization is unlawful or unjust or has been transferred from their position enforcing redundancies at the time of parenting leaves or absence in any such condition discussed above. This regulation also confers authority to workers in company even when in consideration or opinion of manager effects termination of such person being loath in their view. For instance giving notice and application prior to enforcement of dismissal. ï‚·National Minimum Wages Act,1998:This law enforces certain criteria and measure for fixing wages of employees considering their work hours,age, status in company and so on. It particularly keeps check on enterprise trustee at the time when employees salary is given or nominal wages fixed in accordance with the governmental regulation as prescribed by it. This mainly depends or relies on rates which are hiked or deflated at marketplace of specific
region or territory(MacNeil and Esser,2020). ï‚·The Regulation of Maternity and Paternity Leave,1999:The rules under this under this enactment providesoff from work during the pregnancy and after child birth by female employees focussing their health safety first or when any employee is resisting with certain disease, sickness or ailment at the time of conducting their task. ï‚·EmploymentProtectionAct,1999:Thislegislationdiscussesspecificallyaboutthe relationship between the workers and managers within the organizations where it establishes certain rights and responsibilities of staff members and its owner of company where both has given mutual consensus regarding all the terms and condition of contract in employment. ï‚·Part time Employees Regulation Act,2000: This legislation ensured that workers should not be treated impartially or unequally with regards to their full time and part time work carried by employees. In general this regulation explains about staff members working partly were given less salary for the similar amount of work which is conducted or carried by people workinginfullstipulatedtime.Henceforth,thislegislationmadesurethatimpartial behaviour of employer shall not be tolerated by employees with such reasoning. ï‚·Regulation for transfer of Undertaking,2006: This legislation prime purpose protects and safeguards the employment provision of previously recruited workers in situations where dominant enterprise acquires such company and undertakes their ownership. Thus, providing certain regulation to safeguard those workers who are already employed in organization. ï‚·Equality Act,2010: This law mainly safeguards the workers in company from any for inequalityornonfavourablebehaviouronpartofemployeesongroundsof caste,gender,religion,sex,race,age,nationalityandothersuchprovision.Thismoreover prevents the workers from regulating ant ruling or order which conferred essentials of discrimination on any grounds as specified among its staff members(Mogaji,2020). However,the regulation of employment of law in United Kingdom shall not approve any specific individual particularly discriminating from rest of the members which later hampers their rights. In furtherance to this certain laws of business administer providing smooth functioning and conducting operation of business laying its experience and skills by both parties in organization. In general, it underlines certain duties to both individuals carrying work in company the reason behind it is arising of termination and unfair dismissalproviding authorities to workers against such prior to their expiration period of contract which does not consist fair or just on part of employees. On other hand ,likewise prevention of unlawful dismiss of staff member it also directs certain authorities the workers for seeking justice against such illegal conduct on part of companies manager in tribunals of UK. So, it has been concluded that this legislation assist some responsibilities and advantage to both parties in a company.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Corporate Social Responsibility The concept of corporate social responsibility describes a company's responsibility to carry out the business activities ethically by managing their conducts while considering their impact on socio-economicandenvironmentalconditionsbytakingintoaccounttheaspectofhuman rights(Nemeczek and Pitz,2018). For example- managing the environmental activities, maintaining good relations with community and the employees, giving its contribution to the educational and social programs, improving the working conditions, etc. CSR helps in the growth and development of the company and building mutual trust with the clients and the employees. It also results in the tax rebates from the government by being a part of CSR. It also helps in structuring a admirable image in the market as a reputed business organization. It is an obligation which is necessarily fulfilled by the business corporations in order to conserve the environment and society from dreadful effects of the company. The various business units, at the time of manufacturing some product release harmful chemicals or gases which directly harms the environment. So in accordance to this, the corporations must take some steps to protect the general public and nature from the hazardous effects of the companies by adopting the practice of the CSR. There are four kinds of corporate social responsibility, the Environmental responsibility is the one in which the companies need to be environment friendly by taking steps towards the conservation of the resources available in the environment through CSR, Philanthropic responsibility defines the main aim of the business in terms of making society and world a better place to live in where the business companies donates a large amount to the different non-governmental organizations and trusts. Some of them runs their own charitable trusts, Ethical responsibility ensures that the corporation is carrying out their activities with transparency and ethically. Like, avoiding unfair treatment with the shareholders, investors, employees and clients, and Economic responsibility states that the business units must includes the factor of CSR while drawing their financial structure. The main objective of an organization should be to maximise the profit margins without adversely affecting the environment. Corporate Social Responsibility is a biggest tool for the business companies to build a good image o in the market. It also helps in maintaining a positive relationship with the societal groups which further acts as a consumer in terms of consuming the goods and services. It will also provides assistance in raising the name of the particular business corporation in the eyes of stakeholders, investors, suppliers, etc. There no legislation regarding CSR in the United Kingdom. But there are certain companies in Britain who complies with the social responsibility. Like, Johnson and Johnson, Classmate, etc. But if we look on the other side of the coin, there are the companies which do not take the concept of CSR seriously. They do not take any steps which are necessary for them in relation to ensure the
environmental conservation while undergoing with the business activities. They only mentions the CSR in their company's memorandum only to show that they are contributing towards the social responsibilities but the reality is something else. They never execute any steps further towards the CSR. The companies only thinks about the profit maximisation(Parry and Gwaza,2019). This is all because of the absence of any statutory rule by which the companies get legally bound to maintain the CSR on a serious note(Sivani,2019). TASK 2 Brexit Deal is real or illusion: The concept of Brexit has been evolved from the group of two different terminologies which were initiated and brought in existence by Britishers separation. Thisagreement has been particularly originated with the aim to address certain command or order laid by authorities of UK from European countries during the period of 2016 dated on 23rdJune. Moreover,later to Trade and Corporation of Agreement conferred as regulation whose object was to administer the relationship and dealing which was effected between both countries . This resulted in establishment of varied amendmentsandimprovementswhichwereeffectedwithregardstothelocalresidentof nation,corporation which also included governmental officials of UK-EU territories. The previous or prior agreements have been crucially specified classifying them into four heads. At first instance, it provides the accord must be specify the motion of freely treading in the agreementswhich was carried by United Kingdom and Europe association at the time of preventive taxes and customary duties which were imposed(Sun,2021). The second head mentioned about the hypothesis of environment,societal and economic integrationwhich involved the issues which comprised of transportation or conveyance and social safety provision under it. Thirdly the segment specified about the concerning factors which particularly explained about the concerns which are related within core and intrinsic securitieswhich included affairs of money laundering and conflict regarding opposing the funds transferred to terrorist and illegal associations. Whereas, another section lastly mentioned about the constituent element with respect to establishment varied methods relating with common administration. Furthermore,after the territory of United Kingdom had officially exited from the domain of EU in year 2020 dated on 31stJanuary. This became rigid and complicated with respect to ascertaining the facts if there is existence of long duration advantage or interest where such criteria is mentioned or not. Henceforth, the action of this deal concluded as benefit and victory for the UK authorities even subsequent to losing of certain powers and dominance over national matters of European jurisdiction. This separation has also impacted in many ways to the territorial dominance or control of EU which
has additionally resulted in draining oftheir powers from the legislativeinstitution of UK. It has ultimately lead being more democratic nation in general. This territorial authority has provided the ability for maintaining its own linkage world wide but this also resulted the nationals for choosing variousoptionsfor continuingitsfunctionswhichleadgreat impacton thejurisdiction of Europeans. Further, with regards to such opinion that in situation where nation recently acquired freedom of UKis just illusion or real which has elaborated and explained in depth articulation specifiedbyvariousauthorsineconomicfield(Taylor,2021).ThisBrexitagreementhas incorporated varied influence proving as disadvantage relating to nations interest. It crucially impacts formation of uncertain framework with regards to capitalist who are finding chances for effecting or making investment funds in nation. This becomes inevitable for country to make changes in geographical context effecting its pleasing aspect. Otherwise,continental perspective of European Union consider main allies conducting trade in English territory due to which nation requires access in varied articles or products and services relying on industrial aspects in Europe. Therefore, it was contendedthat EU-UK needs assistance of one another to conduct numerous operation in their country. This deal has impacted largely where UK exiting from the association of Europe has concluded that there it has certain advantage as well as disadvantage regarding influencing the boundaries of United Kingdom. It has at numerous level influenced organizations which had majorly shifted in the direction of Europe, The reasoning behind such actions is entire economic extension of nation steadily operating their task. It has adopted certain criteria by the authorities of company establishing its new main office where certain crucial impact of Brexit contract on nation was namely- ï‚·It firstly discusses about the development which are being effected on nation subsequent to initiation of their exit from the association of European country which was facing huge breakdown in the entire economical development of nation. It has lead to occurrence of numerous losses from which most of them concluded uncertain behaviour with regards to their environment total output. In general the data shows that in ordinary course nation had to face major fall of about 2.4% -1.6% in development of state during the period of 2019. With regards to its exclusion, the charges of import duties has raised with deflation of British currency where it believes that similar aspect has not been availed till today prior charges of Brexit agreement(Wronka,2021). ï‚·It crucially influenced the various sectors of employment where the associations which involved mainly young employees in the national region due to such act varied opportunities of employing in numerous industries were no longer availed by individuals at companies based in UK. This has influenced with regards to accessibility of newly admitting employees
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
who were recruited by company which resulted in adopting methods for reattaining and admission of new joiners more complex work on part of workers in organization. While rest of the area which are trading mainly was influenced at large extent by taking caution for Brexit where reasoning analysed behind such act that Britishers negotiated separating from other nations on specific grounds solely with regards to recent or current trades accord which generally estimates for consistingin number 45% over 70 national being there already in their position. As a result, despite of limiting it confers numerous desirable aspect regarding the area of nation which took place resulting in Brexit deal. The nation has however availed additional independence with regards to establishment of their respective procedure having certain laws and regulatory reformwhich deals with concerns relating with trading.This furthermore complex structure of UK-EU agreement justifying their position where United Kingdom tend to giving their access of exclusive market place including their customary association. Butthis act of restoring of its supremacyby UK has not looked like their victoryitself instead rest of the nation chooses for staying in association of Europe. Where it has been vaulted in greatly increment migrating into UK territorial extent which moreover incorporated some obstacle which executes requirementrelating with living accommodations and service availed but due to framework of Brexit dealing ,UK exerted whole ownership over their boundaries(Yeoh, 2019).
Conclusion This assignment has concluded giving detail analysis of business law in detail. It elaborates about the employment regulatory reforms expressing rights and obligation of employer and employee additionally expressing certain laws protecting individual working in such enterprise. It also covers about Corporate Social Responsibility talking about its advantage in general. This also discusses about Brexit deal whether it was illusion or real. Further, explains significance and impact of such agreement on both the countries.
References Fagan, C. and Rubery, J., 2018. Advancing gender equality through European employment policy: the impact of the UK's EU membership and the risks of Brexit.Social Policy and Society,17(2), pp.297-317. Freedland, M. and Dhorajiwala, H., 2019. UK response to new trade Union strategies for new forms of employment.European Labour Law Journal,10(3), pp.281-290. MacNeil, I. and Esser, I.M., 2020. The Pandemic Response in the UK in the Context of Corporate and Financial Law–within and without Law.Available at SSRN 3636292. Mogaji,E.,2020.BrandnamenomenclatureofUKlawfirms.AvailableatSSRN 3644042. Nemeczek, H. and Pitz, S., 2018. Cross-Border Business of UK Credit Institutions and Investment Firms with German Clients in light of Brexit, MiFIR and MiFID II.European Business Law Review,29(3). Parry,R.andGwaza,S.,2019.IsthebalanceofpowerinUKinsolvencies shifting?.Nottingham Insolvency and Business Law e-Journal,7. Sivani, K.M.S., 2019. Critical Analysis of the Effects of Regulations under Competition LawonMergersand Acquisitions: A ComparisonoftheIndia,EU,USandUK Laws.Journal of Corporate Governance and International Business Law,2(2). Sun, L., 2021. Juan Antonio Caldero Faculty of Business and Law, Coventry University, UK.Journal of Language Teaching and Research,12(5), pp.724-734. Taylor, A., 2021. Art Law and the Business of Art. By Martin Wilson.[Cheltenham, UK: Edward Elgar Publishing, 2019. xxxvi+ 456 pp. Hardback£ 115.00. ISBN 978-1-78897- 987-0.].The Cambridge Law Journal,80(2), pp.420-423. Wronka, C., 2021. Anti-money laundering regimes: a comparison between Germany, Switzerland and the UK with a focus on the crypto business.Journal of Money Laundering Control. Yeoh, P., 2019. Corporate governance codes in the UK: The risk of over-reliance.Business Law Review,40(1), pp.19-27.