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Companies Bill [Lords]

We will come to that, but I was not aware that this was a Bill solely structured to deal with supermarkets. We need a Bill that will work for the whole of our business environment, not just one sector in it. There is a wealth of difference between measuring directors’ effectiveness in performing their duties, which is what the narrative is there to do, and taking steps to change company culture. Whether in the other place, in this Chamber, in Committee or even outside the House, the problem of where to strike the balance has been keenly debated. In fact, it has had eight years of debate, with much money being wasted by companies on the operating and financial review preparation, which was subsequently dumped by the Government. The Opposition believe that balance has been achieved, which is why we support the business review in the Bill.