Modern Slavery Statement
This statement is made pursuant to section 54 of the Modern Slavery Act 2015. It constitutes Rice Search Partners Limited and Rice Search Partners Inc (together “RSP”) slavery and human trafficking statement.
Group Structure
Rice Search Partners Limited and Rice Search Partners Inc are 100% owned subsidiaries of the holding company Marbal Holdings Limited.
Our Business
RSP is a global financial services executive search boutique. RSP has offices in the United Kingdom and United States and conducts its business for clients across 55 cities around the world.
Our Supply Chain
The Company uses a central procurement process operated by RSP which trades with circa 40 counter parties. The overwhelming majority of these are covered by the business’ building and information technology providers. Other counter parties are largely the purveyors of office goods which the business consumes.
As professional services providers, the Company does not operate in an industry where modern slavery is prevalent but nevertheless is committed to taking steps to uncover any potential risks within its supply chain.
Our Policies
RSP has various policies in place aimed at minimising the risk of modern slavery or human trafficking.
The most important of these is a robust procurement policy for new services, as well as a specific focus on the building and information technology services that the business consumes.
Material suppliers are required to report what steps they are taking regarding identifying the risk of modern slavery within their supply chain which will allow the Company to better assess the potential risks of modern slavery in its own supply chain.
What is Modern Slavery?
Modern slavery includes:
- Slavery i.e., the behaviour on the part of the offender as if they owned the victim, depriving the victim of their freedom;
- Forced or compulsory labour i.e., work or service of a victim which involves coercion, either direct threats or violence or more subtle forms of compulsion. Work or service is extracted from the victim under the menace of any penalty and for which the victim has not offered themselves voluntarily; and
- Human trafficking i.e., the arrangement for the travel of the victim with a view to them being exploited.
It is important to recognise that modern slavery is prevalent throughout the world and whilst less common, exists in the United Kingdom and other developed countries.
Training
The Company’s Modern Slavery Policy has been incorporated in RSP’s Employee Handbook and rolled-out to all staff and incorporated into induction training. It includes information on who staff should contact should they have any concerns.
Going Forward
RSP recognises that tackling modern slavery requires a continuing commitment and will continue to undertake due diligence in our supply chain and review and improve procedures to help identify and prevent the risks of modern slavery or human trafficking.
Employees are encouraged to raise concerns about any issue or suspicion of modern slavery in any parts of our business or supply chains of any supplier tier at the earliest possible stage. If an employee believes or suspects that a breach of this policy has occurred, or may occur in the future, they must notify HR and a CEO or report it in accordance with our Whistleblowing Policy as soon as possible.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and has been approved by the Board of RSP. Any concerns regarding either this policy or compliance with this policy should be report to either CEO or the COO.