(13 years, 1 month ago)
Lords ChamberIf this Bill gets to the House of Commons, it might get through. We cannot tell what is going to happen and in what circumstances. We might, through the vagaries of the parliamentary process, end up with this measure being in place for much longer than we expect, in which case it has to have the “i”s dotted and the “t”s crossed. This is very good as a transitional measure at the moment as regards the independent appointments commission, but it has to be improved and tidied up if it is going to stand the test of time over a couple of decades. We need to sort that out. We should not just push this through and say that we are doing a brief tidying-up exercise. That is a sloppy way to legislate. Certainly, if I were a director of a company and behaved like this as regards company governance, I would be fired.