Public Limited Companies (Financial Regulation)

Part of the debate – in Westminster Hall at 3:24 pm on 13th March 2003.

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Photo of Mark Field Mark Field Conservative, Cities of London and Westminster 3:24 pm, 13th March 2003

The simple point is that the matter has been extremely problematic. It is entirely different from the fraud allegations about Enron and WorldCom. However, the proposals are wide-reaching and apply to all companies, not only to companies that are guilty of fraud or near-fraud. It is of great concern to many in large companies, particularly in FTSE 100 companies, that this one-size-fits-all approach is not an appropriate way of ensuring good corporate governance for the protection of investors.