Jargon Buster – P

Word
Meaning

People with significant Control (PSC)

PSC has the right to exert significant influence or control over the business and management of a limited company or LLP.

PPE

Personal Protective Equipment - employers must provide their employees with the correct PPE as for the Work Regulations 1992.

Proposal

A proposal is a written offer from a seller to a prospective buyer. Business proposals are often a key step in a sales process. 

Prescribed Person

Prescribed persons order 2014 sets out a list of over 60 organisations and individuals that a worker may approach outside their workplace to report suspected or known wrongdoing. The person or organisations within the listing have normally been designated as a prescribed person because they have an authoritative or oversight relationship with their sector, often as a regulatory body. Up to date lists can be found here.