Global M&A trends and risks
Powerful new forces shaping in the M&A landscape
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United States | Publication | July 2022
The US Occupational Safety and Health Administration (OSHA) announced on June 30, 2022, that it is extending its Revised National Emphasis Program for COVID-19 (NEP) until further notice. This occurs as OSHA continues to work on a permanent COVID healthcare standard.
Originally launched in March 2021, the NEP focuses enforcement efforts on companies that put the largest number of workers at "serious risk" of COVID infection. It also addresses employers who retaliate against workers who complain about unsafe or unhealthful conditions in the workplace.
OSHA also announced it is increasing its COVID-related inspection goal from five to 10 percent of total inspections. Citing the Centers for Disease Control and Prevention's reporting on increased national COVID hospitalization rates since April 2022, OSHA is prioritizing inspections at workplaces with higher exposure potential. These include hospitals, assisted living facilities, nursing homes, other healthcare and emergency response facilities and meat and poultry processing plants.
Since the onset of the pandemic in February 2020, OSHA has issued over 1,200 COVID-related citations and assessed penalties totaling US$7.2 million. OSHA has also pursued employers for claims of retaliation by over 400 workers who raised concerns about COVID, resulting in over US$5 million in monetary awards to the employees.
Nina Varumo is a freelance portrait and documentary photographer based in Stockholm. A recent project of hers Kvinnor till sjöss (‘Women at sea’) is on ongoing photo series highlighting the working life of female seafarers in order to change the stereotypical image of what and who is a seafarer.
Companies have been publicly reporting on their financial performance for over a hundred years. However, they are increasingly having to make public non-financial disclosures relating to sustainability and environmental, social and governance (ESG) matters as a result of rules, laws and regulations issued by stock exchanges, governments and regulators worldwide.
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