COVID-19 risk assessment results

Risk Assessment Approach:
HM Government issued guidance for workplaces on the 11th May 2020 in response to the COVID-19 pandemic, titled “Working safely during COVID-19 in offices and contact centres”. G-Research has assessed this guidance’s chapters, objectives, and steps and performed a detailed review of these which contributed to an overall risk assessment relating to COVID-19 . The results of this risk assessment identified a number of steps which G-Research should take in order to minimise the risks to our employees and others. These have been shared with our employees. The initial risk assessment was conducted on 14th May 2020 and will be supplemented and updated as necessary.

 

Gov’t Chapter Number of Objectives Steps Steps met
Who should go to work 4 14 12
Social distancing at work 6 37 35
Managing your customers,
visitors and contractors
2 11 10
Cleaning the workplace 5 23 21
Personal Protective
Equipment (PPE) and face
coverings
1 1 1
Workforce management 5 17 17
Inbound and outbound 1 7 7
Total 24 110 103

 

Overall Risk Assessment:
Based on the COVID-19 Risk Assessment performed by G-Research, we have concluded that the result of implementing all of the identified steps is that Whittington House will be a safe working environment from 18th May 2020 due to meeting or exceeding all of the necessary requirements of the applicable Government guidance. Of the seven outstanding actions that were identified in the associated chapters and steps; three of these actions have been fully implemented and the remaining four actions will be implemented week commencing the 18th May. Whilst these remaining actions may improve the control environment, they will not materially improve the risk level, which remains low for the workplace.

Staying COVID-19 Secure Certificate

Gender Pay Report

We are a meritocracy and pay all staff based on performance and regardless of gender, race, religion, sexuality or any other factor other than how well they do their job. Similarly when we recruit we seek the best candidate for each role again regardless of gender, race, religion, sexuality etc. The statistics reflect that the best paying roles in our business require undergraduate and in many cases postgraduate study in maths, computer science, the physical sciences and technology. Men account for roughly three times as many graduates* in these subjects as women and have done for many years and so not surprisingly men dominate the best paying roles in our business. We believe that the gender bias in university admissions mentioned above is an important issue that needs to be addressed.

*: Source UCAS admissions data 2008-2018. Assumes gender ratio for graduates is in line with admissions.

Gender Pay Report:

Mean gender pay gap – Ordinary pay –37.8%
Median gender pay gap – Ordinary pay – 44.4%
Mean gender pay gap – Bonus pay in the 12 months ending 31 March – 70.5%
Median gender pay gap – Bonus pay in the 12 months ending 31 March – 46.7%
The proportion of male and female employees paid a bonus in the 12 months ending 31 March – Male: 96%, Female: 88%
Proportion of male and female employees in each quartile –

Lower – Male: 73% , Female: 27%
Lower Middle – Male: 87% , Female: 13%
Upper Middle – Male: 97% , Female: 3%
Upper– Male: 95%, Female: 5%
I confirm the accuracy of the statistics above.

Gabi Bennison
Head of HR

Modern Slavery Report

We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of the business. We are committed to acting ethically and with integrity in all our business relationships.

We publish an annual statement on modern slavery on our website in accordance with section 54 of the Modern Slavery Act 2015.

Click here to access G-Research’s Modern Slavery Statement 2019

Click here to access G-Research’s Modern Slavery Statement 2018

Click here to access Trenchant Employee Services Limited’s Modern Slavery Statement 2017

G-Research is the trading name for each of Trenchant Limited and Trenchant Employee Services Limited.

Tax Strategy

Introduction

The G-Research group is dedicated to being a responsible taxpayer, complying with local tax laws and regulations and with OECD guidance. The primary objective of G-Research’s tax strategy is accurate and timely tax compliance. This includes the following:

  • To ensure local and international laws and regulations are complied with, and that OECD guidance is followed.
  • To ensure that all taxes, including corporation tax, employer taxes, employee withholding taxes, indirect taxes and other local taxes are paid in full and in a timely manner;
  • To provide training and guidance on tax matters to the business as required; and
  • To maintain a relationship with HMRC based on foundations of compliance and transparent communication.

Approach to Risk Management and Governance Arrangements in Relation to UK Taxation

Responsibility for G-Research’s tax contribution, tax risk and governance ultimately sits with the Board and Management Committee; however, day-to-day responsibility is delegated to the Head of Finance. The Head of Finance is supported by the wider Finance team.

G-Research’s tax compliance function is managed by its team of in-house qualified accountants, ensuring that tax decisions are informed and current. A control framework is in place to ensure that tax risks, including changes to relevant laws, regulations and guidance, are identified in a timely manner and subsequent action is taken to mitigate those risks to an acceptably low level. Tax risks and responses are documented to ensure that G-Research’s tax strategy remains transparent, and to ensure that it is communicated to and recognised by those in charge of governance.

Attitude Towards Tax Planning and Risk

G-Research does not consider tax planning to be a major driver in determining business strategy and key decision making. Conversely, G-Research considers its tax contributions a necessary responsibility and exercises a low-risk appetite in terms of tax planning opportunities.

We may utilise available tax reliefs and incentives where appropriate and in a manner which is consistent with the government’s policy objectives.

Applicable tax advice will be sought from external advisors in respect of material transactions or when the Finance team do not have the necessary expertise required in a particular area. Significant transactions within, or changes to, the business is reviewed and approved by the Board or Management Committee.

Our Approach to Working With HMRC

G-Research looks to maintain an open, positive and cooperative working relationship with HMRC.

We are committed to working with HMRC to resolve any issues that arise and to providing appropriate disclosure of relevant facts to enable the progression of HMRC enquiries.

 

This strategy statement has been prepared in accordance with paragraphs 19(2) and 25 of Schedule 19 of the Finance Act 2016 and provides an overview of G-Research’s policy and approach to its tax affairs for the financial year ended 31 December 2018. This strategy was published on 9 December 2019.

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