Financial institutions (FIs) continue to expect cybersecurity and data disputes in the coming year, along with ESG disputes. We will see growth in climate-related litigation against financial institutions from NGOs and activist shareholders. Until recently, claims have focused on the disclosure of climate-related information. However, the trend is now moving to scrutiny of what prudent financial management means. For example, what fiduciary duties are owed when acting as a financial advisor in investment planning or M&A transactions?
In this session at the 2020 Singapore Fintech Festival, the Asia Pacific Employment & Compensation Group provided an overview of its approach to dealing with digital transformation, focusing the discussion on modern workforce — including identifying the risks and challenges in establishing a virtual and flexible workforce and providing guidance as to how these challenges can be met. In particular, the team draws out from the recent experiences of employers in conducting business with their workforce in isolation.
What you need to think about as an employer
The financial services sector may be holding back its year 1 gender pay gap data for good reason, but collection of year 2 data is only just around the corner.
Given the proliferation of legal standards and requirements around the world, taking on gender pay equality can be quite challenging for multinational employers.