Examination of Witnesses

Part of Enterprise and Regulatory Reform Bill – in a Public Bill Committee at 12:00 pm on 19 June 2012.

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Photo of Iain Wright Iain Wright Shadow Minister (Business, Innovation and Skills) 12:00, 19 June 2012

Following on from that—this is my final question, Mr Brady—are we looking at this in the wrong way, and focusing solely on directors’ remuneration when this is a good opportunity to think about how we could improve corporate governance and make the UK’s corporate governance framework still the best in class for the 21st century? Mr Lee, you have written eloquently about the management of risk, and how  boards often fail on that. What is the Bill missing in respect of making sure that the UK’s corporate governance code is the best it can possibly be? That question is to all three of you, please.