Health and Safety: Bank and Insolvency professionals, ignore at your peril
Should insolvency practitioners, turnaround professionals, and interim managers be concerned about health and safety issues?
The simple answer is, "yes": You could inherit health and safety responsibilities and could personally be held criminally liable for health and safety failings in organisations over which you are appointed.
Banking groups dealing with high risk and specialised lending should also be aware of health and safety risks, particularly at the underwriting stage: Consideration should be given as to whether health and safety issues will impede a managed exit. For example, if an insolvency practitioner is unwilling to trade a business because of inherent health and safety dangers in that business, this may depress values.
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With this in mind, Taylor Wessing has put together a guide to
health and safety responsibilities for insolvency professionals.
Please click here to find out more. |