Question

To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to encourage improvements in corporate governance.

The Government believes high standards of corporate governance promote the trust and confidence in business needed to facilitate trade, investment, prosperity and long-term growth.

In the last Parliament we took significant steps to reform corporate governance including improving corporate reporting and updating the rules on disqualification of directors.

This Government will continue to work to ensure the corporate governance framework fosters trust in UK companies and encourages long-term investment.