Impact of Employment Law on Business and Corporate Governance Responsibility

This article discusses the impact of employment law on business and the responsibility of corporate governance in business operations. It covers various aspects of UK employment law, including pay, recruitment, discrimination, and conditions for work. It also explains the principles of good corporate governance and its importance in achieving long-term business success.

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Table of Contents
INTRODUCTION ..........................................................................................................................3
CONCLUSION...............................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Employment law is a law which help to regulate the inter relationship between
the worker and employers. This provides some rights as well as duties on both the employers
and the employees. Whole procedure of the industry work is governed by the employment law
which cosiest by many laws. All these laws explain and gives different laws for various aspect of
their work in industrial business. In this easy many laws as well as responsibility of corporate
sector is going to discuss and most importantly their governance operations of business. These
laws are legislated for protection of works and making the employers more responsible toward
the employees. There are many laws by which can understand that UK employment law has a
huge aspect and protection for their business to groom ideally. Some examples are there is rule
that no worker is going to discriminate by their caste, race, sex, religion or other political beliefs.
They have right to equal pay for equal work.(Wright, and Siegel, 2021) The corporate
governance has duty to give equal chance to individual to make effective, entrepreneur and
perfect management to long term business benefits. Foe completion of this task it is
responsibility of the board of company to make appropriate and well goal achieving action of
plan.
Main body
IMPACT OF EMPLOYMENT LAW ON BUSINESS
The word employment law tells about a governing legislation for protection of
the workers from exploitation make rules for perfect industrialization in the market of united
kingdom. In the employment law of UK there are various rights given to the employees on the
work place for benefiting are giving them a secure and safe places for work. These are as
follows:
PAY- According to legislation of employment law govern to every payment system of
company that all works who engaged with company as employees have right to get payment for
their work which is not going to below the minimum wages level under the act. In Minimum
National Wages Act(1998) there is a set level of pay scheme. (Hollowell,and.et.al., 2019 )
RECUITMENT- There is a specific procedure in United Kingdom for recruit any work. They
have to follow the legislation for recruiting an employee for their industry. There is a set rule for
do or not do when the giving job to workers. If they hiring any employees for the business then
they should provide the offer latter with the contract agreement which include all formalitied of

agreement. The process must be fair and healthy for giving chance to get emploment for
everyone. This contract agreement includes various things which are-
holiday system, duties the going to deliver to the industry, payment and the method of payment,
rights to get notice period before removal, in detail all responsibilities of both side, and cover
other addition guideline for work.
DISCRIMINATION- As it is known that no one shall discriminate on the basis of their
race,religion,sex,political belief. If if it is happen by any reason is a punishable act under the
Equality Act 2010 which give protection from discrimination on the place of working. His also
said that if any employee receive differently for same work is a illegal act under this act . For
example, if a male and female doing same work in company and the industry pay the male more
than a woman is a compoundable act done by the industry and is illegal under the equality act
2010. this protects characteristics including the age, gender,marital status, disability if any, and
sexuality, pregnancy and race and religion of any individual weather a woman or a
(man.Holbeche, 2018)
CONDITION FOR WORK- when an employer recruit a work or a group of works , they
should know their responsibility toward the safety, security and the environment in the industry
for protection of employees and their rights and give them a healthy environment. The should
follow all safety measures and polices made by the government for benefit of good business
without any problem. They have right to have best and safe equipments for their work and they
must be perfect in condition. Like adjustable tables chairs, according to height desks availability,
perfect lights for workplace is it duty of employers to provide everything perfectly. Many more
thing including- trained the staffs about work, safe tools,if required any particular safety dresses
than also provide that, a pure drinking water, hygienic toilet and washing facility, feeding places
for mother worker and also first-aid treatment box for small hurts. This protects also unfair
removal of employees and give right to get notice for leave work. Save them from misconduct if
any one do. Legalise the redundancy procedure by governing legislation. There is provision for
victim of unfair disposal can take business in the court for justice. In the contract agreement this
is a condition for protect the employees from partial disposal or forced by employers for quiting
the business. This legislation ensuing the following rights:(Aylott, 2022)
There are rule of working hours that are 48 hour for per week. It is duty of employers that they
provide work according to average working hours mention in legislation.

The have right to take 5.6 weeks for holiday yearly.
Can get one day free every week.
If they working continue for 24 hours they have right to get 11 hour free for their own use.
20 minute work break should be given if working time is more than six hour continue.
Every business should registered with the legislation made by government. So they can in terms
of time and money decide a particular range of additional rates if any occurs. These rates appears
in special cases of the time requiring for producing a document, they must follow with the
procedure of legal obligations.(Al‐Okaily, BenYoussef, and Chahine, , 2020) There additional
rates are as follows:
 providing right and safe equipments during and after training.
 Before provide products for work assure and test the quality and safety standard of tools.
 Higher pay scale among staffs.
 Using products with warranty.
 Hiring additional employs for recovering needed hours.
 For benefiting financial helps to pension employees.
 Following quality based procedure.
 For increasing the brand name of company and giving the huge reputation to the business
these costs and additional rates are increased in every business which increase the sale
rate in market. For run the business legally as well as ethically every employees works
hard and for long time period.
 This also have various merits and demerits on the marketing and sales of business. These
can be understand by following:
 this give assurance for making brand picture strong in market.
 Decrease the risks of competitive brands and products of another company.
 Almost no returns.
Decrease the chance of being sued by the customers.
Increase the level of sales rate. (Minciullo, 2019)
There are some rules which made by legislation for marketing and sales business and if not
fulfilled requirement than can raise issue for claim by customers:
 The brand must be original as well as IP registered.
 Products should not meet quality issue otherwise it leave negative impact on business.

 Although every law are expensive for follow but it confirms the increment of sales and
its productivity.
These are various impact of employment law legislation which occurs on the business.
Evaluating the responsibility of a corporate governance on business operations
basically the corporate governance provide a way by which governs the all companies and give
the purpose of business. By this the powers are divided between decision maker and the
accountable responsibility. It also clear who is responsible for business and who decide the
procedure. Corporate governance is also assure that build balance interest among the
stakeholders and the power of appropriate decisions making procedure. It includes the process
by which a company decide level of its objects as well as set according to benefiting their
business. (Hollowell,and.et.al., 2019 ) Also give guidance to run according to social regulatory
market system. The main purpose of corporate governance is to achieve the last aim of company
easily safely. Which also help to increase trust level of stakeholders on company this invested
their money as well as their confidence on companyy.
For every successful business there must be a well action of plan with aching goals
which provide the scheme to improve good quality to decision makers. For achieving these
above targets the institution of a good governance is best way for successful long growth
business. Following a ethical and good quality business decision maker made a long lasting
business as well as add long term market value impressively. In the united kingdom the
corporate governace set some rules for the board members as well as it directors. They have to
follow these principles for growth, continuing success of business. These principles include all
aspect of maintain a perfect infrastructure for regulate the issues related to leadership quality of
directors, propose of company setup, delegation of responsibilities, mixture, series, assessment,
audit,risks and control internally, the salary of employees.
These responsibilities are as follows:
 company propose and the leadership of directors- it it duty of every director of company
to give accurate plan of action to the company for achieving long term goad and success
for company. Generate value adding contribution to society at large as well as the
shareholders of company. The work force system, policies of company and practice area
should be lined up with the action plan , aim and the purpose of incorporation the
business. They should make a perfect framework for maintain the relationship between

the shareholder and the stakeholder incudes members,directors,employees, employers as
well.
 Delegation of responsibilities between authorities- for running any business or company
there should be clear cut division of powers and responsibility between the higher
authority mean maker and the subordinate authority that is executors. By this system they
do their work more responsible way and freely without any interactions. Makers always
should receive accurate information on time transparently. And other one holds the role
of make plan according to competition in market and give special advise for improving
the scheme of business. (Papenfuß, 2020)
 Mixture, sequence, and valuation- the board provide yearly valuation sheet before the
directors for refresh the system , scheme, maintain its transparency of work, advice for
re- selection if needed and give light on the diversity of payments. It is duty of all
directors except non xcutive that they understand the requirement of development of its
business, also represent a demo for new improve plan.
 Accounting, endangerment and internal disciplines- every financial year all business
should present their accurate fair balance sheet which disclose the position and prefect of
every company this assessment should be clear and easily understandable by the auditor
for audit. They also mention any unfortunate happening in last twelve in company which
difficult the company to run properly. It is duty of directors to maintain risks faced by
company and back plan for recover the risk by easiest way. Auditing team must have at
lest a committee member who has the knowledge of current and related financial scheme.
 regular payment- it is duty of remuneration authority to manage the plan of payment
according to the minimum wages act and the balance sheet of company which give
satisfy both the company as well as the employees and employers. The salary plan should
be as according to maintain the account of company safe and long lasting. They should
make scheme of pension for particular members. These arrangement should be
accordance of capacity if the payment made with work performance. The directors are
not allowed to decide their own salaries or other benefits getting in company. This all
procedure is followed by a particular system for making it transparent, lawful and ideal
process.

 The united kingdom companies have best practising and performing companies because
of their good corporate governance system. A good and protective governance have
principles for improving and growing business of company. That gave a accurate clear
vision for get results of lighting the company in ,market. Corporate governance is always
very important and strong forever. This is duty of every company to disclose their
cultural programme and their system of work. A good governance corporation always
encourage the positive and perfect behaviour of company toward the society. Which
clearly disclose all its policies as well as procedure they carried for regurgitation of
company. The system is directly responsible for any conduct which is against the laws.
This system make responsible organization.
If any company follow the rules of corporate governance the most profit gain is help to decrease
in rates of capital. It also improve the level of company decision making powers as well as help
to reach the apex point of market. As per discussion it is clear that a good governance always
help to communicate easily and clearly between the shareholder and the stakeholder of company
which make strong the relationship and give more profit to the company.
In organisation implementation of corporate governance give a perfect and fair system of
control environment in company. Which helps to regulate the whole system and work hours and
action easily and fairly. This gave a better scheme for enhancing the business in company. It
helps to understand the regular environment of ruining successful business. Use of new
technology in production of company products, distribution among society, simple
communication system and ideally distribution and manage the profit shares between the
shareholders as well as stakeholders. (Thornthwaite, 2018)A good governance company always
attract huge number of customers, shareholder and the directors for engaging into the company.
By which a company get very good skilled director who have potential to make successive plan
for the company. Always a new talent give a amazing manifesting idea for growth of every
business and by this a company can get new talents of market easily.

CONCLUSION
A good governance always help in growth of every business. The UK employment laws are way
to achieve a transparent and fair law system which governs the relation between a company and
it employees. The employment law give rights to its worker than as well also give responsibility
toward the company. For implementation for all legal system of a company should follow the
principles of good governance. A company which follows the rules of a good corporate
governance has always grows high in the market because these principle regulate the system of
company legal and fair and give opportunity to work transparently.

REFERENCES
Books and Journals
Hollowell,and.et.al., 2019. Customer loyalty in the sharing economy platforms: how digital
personal reputation and feedback systems facilitate interaction and trust between
strangers. Journal of Self-Governance and Management Economics, 7(1), pp.13-18.
Al-Haidar, F., 2018. Administrative disciplinary and grievance procedures for public employees
in Kuwait and UK. International Journal of Law and Management.
Al‐Okaily, J., BenYoussef, N. and Chahine, S., 2020. Economic bonding, corporate governance
and earnings management: Evidence from UK publicly traded family
firms. International Journal of Auditing, 24(2), pp.185-204.
Aylott, E., 2022. Employment Law: A Practical Introduction (Vol. 21). Kogan Page Publishers.
Das, M., Rangarajan, K. and Dutta, G., 2020. Corporate sustainability in SMEs: an Asian
perspective. Journal of Asia Business Studies.
Holbeche, L., 2018. The agile organization: How to build an engaged, innovative and resilient
business. Kogan Page Publishers.
Minciullo, M., 2019. Corporate Governance and Sustainability. Springer International
Publishing.
penfuß, U., 2020. Corporate governance of state-owned enterprises: Conceptualization,
challenges and perspectives for the public corporate governance field. In The Routledge
handbook of state-owned enterprises (pp. 433-444). Routledge.
Parkinson, M.M., 2018. Corporate Governance in Transition: Dealing with Financial Distress
and Insolvency in UK Companies. Springer.
Thornthwaite, L., 2018. Social media and dismissal: Towards a reasonable expectation of
privacy?. Journal of Industrial Relations, 60(1), pp.119-136.
Wright, M. and Siegel, D., 2021. Alternative investments, new organizational forms, and
corporate governance. Academy of Management Perspectives, 35(1), pp.1-8.