New Clause 11 - Director's Report (Statement of Payment Practice)
Companies (Audit, Investigations and Community Enterprise) Bill [Lords]
11:00 am
'In Part VI of Schedule 7 to the Companies Act 1985 leave out paragraph 12(3) and insert—
''The report shall also state the company's payment performance record, in line with a standard format that shall be specified by the Secretary of State in regulation.''.'.—[Brian Cotter.]
Brought up, and read the First time.