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541207
registered interest false more like this
date less than 2016-07-20more like thismore than 2016-07-20
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading ARM: SoftBank more like this
house id 2 more like this
legislature
25277
pref label House of Lords remove filter
question text To ask Her Majesty’s Government how they propose to enforce the commitments they have obtained from SoftBank in connection with employment and the location of the headquarters of ARM Holdings. more like this
tabling member printed
Lord Myners more like this
uin HL1370 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-08-30more like thismore than 2016-08-30
answer text <p>The Takeover Panel is responsible for enforcing the post offer undertakings given by SoftBank under the terms of the Takeover Code. Grant Thornton LLP has been appointed as an independent supervisor under the Code to monitor compliance with the undertakings. The Takeover Panel can require SoftBank to submit written progress reports in such form and as frequently as it requires and can take disciplinary action if the undertakings are not fulfilled. The Department for Business, Energy and Industrial Strategy will continue to monitor developments.</p> more like this
answering member printed Baroness Neville-Rolfe more like this
question first answered
remove filter
answering member
4284
label Biography information for Baroness Neville-Rolfe remove filter
tabling member
3869
label Biography information for Lord Myners more like this