03 Dec MODERN SLAVERY ACT: WHAT BUSINESSES IN AUSTRALIA NEED TO KNOW
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Welcome to a new month of Cannings’ business and media intelligence update, with insights collected over the past week.
THE TWO BIG WINNERS FROM COVID-19 CAPITAL RAISINGS
- Bankers and fund managers who participated in capital raisings during the pandemic were well rewarded, according to data from proxy advisory firm Ownership Matters. But it wasn’t such a great win for retail shareholders, who were left to bear the brunt of dilution created. Read more in The AFR.
MODERN SLAVERY ACT: WHAT BUSINESSES IN AUSTRALIA NEED TO KNOW
- The Australian Border Force (ABF) has published the first tranche of modern slavery statements, marking a new era of business transparency and a vital step forward for Australia’s efforts to eradicate modern slavery in our supply chains. The ABF also published 2 new guidance notes on good practice reporting and areas for improvement, available on the ABF website here. Businesses with over $100 million in revenue need to submit statements in 2021. Norton Rose summarises everything Australian businesses need to be doing here.
THE ART OF E-CHARISMA
- The flair and charm that works for in-person meetings doesn’t come across the same on a video chat. Instead, it comes down to “E-charisma” which involves a completely different set of skills. The Wall Street Journal rounds up tips from experts on how to nail E-charisma, including taking up at least a third of the screen and using nonverbal energy like nodding to show that you’re engaged. Read them all here.
WHY MORALE WILL BE HARD TO MAINTAIN THIS FESTIVE SEASON
- The celebrations that come with the festive season are a part of people’s working lives. This means lights and decorations in the office, or a Christmas tree in reception. Often, it will involve a lunch, after-work drinks or a staff party to bolster team spirit. But this year is different, with social distancing ruling out a lot of these distractions after what has already been an extremely tough year. According to The Economist, this means managers need to do a better job.
DON’T FORGET ABOUT YOUR REMOTE EMPLOYEES
- As some workplaces cautiously reopen, leaders face yet another challenge: what steps can we take to ensure that both team members in the office and at home feel included and valued? Harvard Business Review shares some successful approaches including giving remote team members airtime first and rotating meeting hosts. Read them all here.
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