Proceeding contribution from Lord Davies of Stamford (Conservative) in the House of Commons on Tuesday, 6 June 2006. It occurred during Debate on bill on Company Law Reform Bill (HL).
Company Law Reform Bill [Lords]
No, I would not. This is a question of proportionality, which is one of the criteria that we should always have in mind when we are legislating to impose constraints or costs on the citizen. It would be ridiculous to impose the whole apparatus of corporate governance that is appropriate to a public company—especially a quoted public company—on a company that might be owned by a married couple and have a turnover of only a few thousand pounds a year. That would be absurd.
Secondary information
- Type
- Proceeding contribution
- Reference
- 447 c170
- Session
- 2005-06
- Chamber / Committee
- House of Commons chamber
- Subjects
- Disclosure of information Accountability Audit Accountancy Company law Company accounts Companies Directors Conduct Consolidation bills Animal experiments Fraud Finance Liability Environment protection Harassment Ethics Protection Staff Private companies Working conditions Registration Small businesses Regulation Trade Sustainable development Research Shareholders
- Legislation
- Company Law Reform Bill (HL) 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2024-01-26 17:16:41 +0000
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