Proceeding contribution from Austin Mitchell (Labour) in the House of Commons on Wednesday, 18 October 2006. It occurred during Debate on bill on Companies Bill (HL).
Companies Bill [Lords]
I am grateful to my hon. Friend, who was of course in the investigative journalism trade—and a very good trade it is, too. I was in the electronic media, so we did not do any investigation. We just shouted at people, which was perhaps a mistake; perhaps we conducted ourselves at too low a level. The principle is absolutely clear. We cannot accept either of the new clauses, because under new clause 17 the onus on companies is replaced by an onus on shareholders to say, ““I am investing in something murky, please do not disclose my name.”” That does not apply only to people who want to hide from possible persecution. The ability to remain anonymous, which would be checked by my amendment No. 758, is also used by tax evaders, money launderers and criminals. Will they, too, on the same principle, have the ability to hide? Or will they put all their money in Huntingdon Life Sciences and then hide themselves?
Secondary information
- Type
- Proceeding contribution
- Reference
- 450 c940
- Session
- 2005-06
- Chamber / Committee
- House of Commons chamber
- Subjects
- Access Disclosure of information Animal welfare Accountability Company law Community development Companies Directors Business Annual reports Liability Donors Expenditure Exemptions Harassment Ethics Journalism Personal records Membership Political parties Public companies Loans Staff Meetings Private companies Lobbying Registration Trade unions Voting rights Shareholders Huntingdon Life Sciences Business plans
- Legislation
- Companies Bill (HL) 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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