Mandated Corporate Social Responsibility Reporting

Recent legislation in the United Kingdom — the Modern Slavery Act (MSA) — requires every company doing business there and with a global revenue of at least £36 million (roughly 54 million in US dollars) to publish a slavery and human trafficking statement on its website. While that statement may permissibly say that the company has no policy at all, the premise is that the MSA will create a race to the top with corporations…