NT Lakis attorneys have recently received inquiries regarding a survey sent to the CEOs of large multi-national companies by a United Kingdom (UK)-based nonprofit association, asking them to voluntarily collect and submit sensitive data and information about their companies in five critical areas: (1) governance; (2) composition; (3) stability; (4) employee development; and (5) employee engagement and well-being. We thought it might be helpful to provide some background.
Sent by UK-based ShareAction and supported by a coalition of 79 global institutional investors, the survey solicits information regarding not only the company’s own operations, but about its suppliers as well. It is part of an initiative called the “Workforce Disclosure Initiative” and is ostensibly designed to “improve the quality of jobs and livelihoods for all workers linked to these companies.” While participation is voluntary, each company will be “scored” based on their “quantum of disclosure and their engagement with the research process.” These scores will be made available to the 79 “signatories” (i.e., project sponsors).
More information about the survey and the companies solicited can be found online.
Members of the Center for Workplace Compliance (CWC) can read more here.