Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, if he has made an assessment of the potential merits of giving the Audit, Reporting and Governance Authority the statutory power to sanction all company directors.

As announced in the King’s speech, the Government intends to publish a draft Audit Reform and Corporate Governance Bill in due course. We expect the Bill to include further details on the proposed directors’ enforcement regime, including in respect of the scope of the regime.