Proceeding contribution from Lord Lea of Crondall (Labour) in the House of Lords on Monday, 6 February 2006. It occurred during Debate on bill and Committee proceeding on Company Law Reform Bill [HL].
Company Law Reform Bill [HL]
I am very puzzled by the fact that my noble and learned friend is unable to respond because of a doctrine, which my noble friend Lord Clinton-Davis also mentioned, that this proposal is not for this Bill. If we want to put a duty on directors to give a full and fair account of what is going on in Angola or somewhere else, and if that is not to do with a company law Bill, is my noble and learned friend saying that it would be for another Bill? If so, I should like to know what sort of Bill. I am assuming that we think that something like this proposal is necessary. On the other hand, is my noble and learned friend saying that no UK Bill can carry this proposal? Everyone knows that company law Bills come around about once in a thousand years, and we will not be able to have another go at it tomorrow. I hope that my noble and learned friend does not think that I am being too disputatious if I ask him in a very friendly way whether he thinks that no UK Bill could deal with this or whether he thinks that it could be done not in a company law Bill but in some other Bill. He implied that it could happen in a tax Bill, but surely it could not happen in a UK tax Bill either because of the problem of jurisdictions. Will he rise to the bait in what I have just put to him?
Secondary information
- Type
- Proceeding contribution
- Reference
- 678 c278GC
- Session
- 2005-06
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Codes of practice Company law Companies Directors Civil proceedings Conduct Finance Liability Management Taxation Shareholders Transfer pricing
- Legislation
- Company Law Reform Bill (HL) 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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