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1002217
star this property registered interest false more like this
unstar this property date less than 2018-11-05more like thismore than 2018-11-05
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Biotechnology more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government when the bio-economy sector deal will be published. more like this
star this property tabling member printed
Baroness Featherstone more like this
star this property uin HL11238 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-19more like thismore than 2018-11-19
unstar this property answer text <p>Several sectors have expressed an interest in a Sector Deal. We intend to take forward some further Deals that best meet expectations set out in the White Paper in due course.</p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2018-11-19T17:54:23.59Zmore like thismore than 2018-11-19T17:54:23.59Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
unstar this property tabling member
1531
unstar this property label Biography information for Baroness Featherstone more like this
1002259
star this property registered interest false more like this
unstar this property date less than 2018-11-05more like thismore than 2018-11-05
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Stephen Haddrill more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether they were consulted by the Financial Reporting Council on the termination of the employment of Stephen Haddrill and on the financial terms involved. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL11280 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-19more like thismore than 2018-11-19
unstar this property answer text <p>I can confirm that the Department for Business, Energy and Industrial Strategy was consulted prior to Stephen Haddrill’s resignation.</p><p> </p><p>Mr Haddrill will serve his one-year notice period to allow for an orderly succession. There are no other financial terms involved.</p><p> </p><p>We will work together with the Financial Reporting Council to appoint their new Chief Executive following the conclusion of the independent review of the Financial Reporting Council.</p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2018-11-19T17:54:14.49Zmore like thismore than 2018-11-19T17:54:14.49Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
unstar this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this
1005579
star this property registered interest false more like this
unstar this property date less than 2018-11-12more like thismore than 2018-11-12
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Post Office more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what criteria they use when considering whether to give permission under Article 11.1(O) of the Articles of Association of Post Office Limited to incur a commitment or liability of more than £50 million. more like this
star this property tabling member printed
Lord Arbuthnot of Edrom more like this
star this property uin HL11350 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-19more like thismore than 2018-11-19
unstar this property answer text <p>As the sole Shareholder, the Government expects the Post Office Limited to ensure value for money principles in its use of resources at all times. Requests for consent are considered in the light of these principles.</p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2018-11-19T15:43:27.87Zmore like thismore than 2018-11-19T15:43:27.87Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
unstar this property tabling member
56
unstar this property label Biography information for Lord Arbuthnot of Edrom more like this
1005598
star this property registered interest false more like this
unstar this property date less than 2018-11-12more like thismore than 2018-11-12
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Financial Reporting Council: Accounting Officers more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 24 October (HL10985), why Mr Haddrill was appointed responsible accounting officer on 1 August 2017 in view of the fact that he had been Chief Executive of the Financial Reporting Council (FRC) since 2009, and the FRC at the date of his appointment was designated a public body under the Government Resources and Accounts Act 2000; whether there was a period during which the FRC operated without a responsible accounting officer; if so, where accountability lay during that period; whether the FRC informed the Public Accounts Committee that it operated without a responsible accounting officer, for how long, and under whose authority; and if not, why not. more like this
star this property tabling member printed
Baroness Bowles of Berkhamsted more like this
star this property uin HL11369 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-19more like thismore than 2018-11-19
unstar this property answer text <p>The Office for National Statistics concluded in December 2014 that the Financial Reporting Council (FRC) was a public body within central government. The Department for Business Innovation and Skills (as it then was) examined whether there was scope for further review. The Department for Business, Energy and Industrial Strategy concluded in 2017 that they should work with the FRC on the formal application of all relevant guidelines. Prior to that date, the Department communicated the requirements it imposed on the FRC as a public body through the FRC’s Chief Executive Officer.</p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2018-11-19T15:41:50.213Zmore like thismore than 2018-11-19T15:41:50.213Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
unstar this property tabling member
4562
unstar this property label Biography information for Baroness Bowles of Berkhamsted more like this
1005599
star this property registered interest false more like this
unstar this property date less than 2018-11-12more like thismore than 2018-11-12
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Financial Reporting Council: Audit more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether the Financial Reporting Council (FRC)’s Practice Note 10 Audit of financial statements of public sector bodies in the UK as applicable to public bodies should have been applied to the FRC's accounts for the year ended 31 March, given that the FRC was itself a public body for all that period. more like this
star this property tabling member printed
Baroness Bowles of Berkhamsted more like this
star this property uin HL11370 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-22more like thismore than 2018-11-22
unstar this property answer text <p>The Financial Reporting Council (FRC)’s Practice Notes contain auditing rather than accounting guidance, so are not directly applicable to the preparation of the FRC’s accounts.</p><p> </p><p>Practice Notes contain best practice guidance to help auditors apply auditing standards in the context of particular kinds of engagement (including public sector bodies, charities and banks). They do not contain additional requirements to those in auditing standards (ISAs (UK)), Practice Note 10 provides relevant context and application guidance for any audit engagement for a public sector body, including the FRC.</p><p> </p><p>The audit of the FRC is carried out in accordance with auditing and ethical standards used by all auditors in the UK.</p><p> </p><p>Practice Note 10 provides guidance on regularity. Regularity is the concept that transactions recorded in the financial statements of an audited business must be in accordance with the relevant framework. These frameworks are specific to the audited business and set out the requirements their transactions must comply with.</p><p> </p><p>The FRC auditor is not required to give a separate opinion on regularity because the FRC is required to prepare its accounts in accordance with Companies Act requirements and uses FRS 102.</p>
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2018-11-22T16:32:45.523Zmore like thismore than 2018-11-22T16:32:45.523Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
unstar this property tabling member
4562
unstar this property label Biography information for Baroness Bowles of Berkhamsted more like this
1005600
star this property registered interest false more like this
unstar this property date less than 2018-11-12more like thismore than 2018-11-12
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Financial Reporting Council more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether they will place in the Library of the House the framework document for the Financial Reporting Council as agreed with its sponsoring department, as required by the HM Treasury document, Managing Public Money, published in July 2013. more like this
star this property tabling member printed
Baroness Bowles of Berkhamsted more like this
star this property uin HL11371 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-23more like thismore than 2018-11-23
unstar this property answer text <p>The Framework Document between the Financial Reporting Council and the Department is in the process of being agreed. Once agreed, it will be placed in the Libraries of the House.</p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2018-11-23T11:41:33.19Zmore like thismore than 2018-11-23T11:41:33.19Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
unstar this property tabling member
4562
unstar this property label Biography information for Baroness Bowles of Berkhamsted more like this
1005627
star this property registered interest false more like this
unstar this property date less than 2018-11-12more like thismore than 2018-11-12
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Companies: Codes of Practice more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what proportion of companies they estimate will (1) appoint a director appointed from the workforce, (2) establish a formal workforce advisory panel, (3) appoint a designated non-executive director, and(4) do none of these, as a result of the UK Corporate Governance Code of July 2018. more like this
star this property tabling member printed
Lord Mendelsohn more like this
star this property uin HL11398 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-19more like thismore than 2018-11-19
unstar this property answer text <p>The Government did not set out a preferred option and has not made an estimate of how it anticipates companies will respond. It is for companies to decide which option, or combination of options, will work best in their particular circumstances.</p><p> </p><p>The Government is aware that boards are already giving careful consideration to their employee engagement arrangements and intends to monitor closely how companies respond to the new provisions.</p><p> </p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2018-11-19T15:42:23.3Zmore like thismore than 2018-11-19T15:42:23.3Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
unstar this property tabling member
4286
unstar this property label Biography information for Lord Mendelsohn more like this
1005628
star this property registered interest false more like this
unstar this property date less than 2018-11-12more like thismore than 2018-11-12
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Companies: Codes of Practice more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government by what process and criteria they will evaluate companies’ explanations for non-compliance with the revised UK Corporate Governance Code of July 2018; and what steps they plan to take when they deem explanations for non-compliances not to be satisfactory. more like this
star this property tabling member printed
Lord Mendelsohn more like this
star this property uin HL11399 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-19more like thismore than 2018-11-19
unstar this property answer text <p>The UK Corporate Governance Code is the responsibility of the Financial Reporting Council. It is the responsibility of investors to assess the quality of reporting and engage with companies accordingly.</p><p> </p><p>The 2018 Code is a substantial revision and comes into force for accounting periods beginning on or after 1 January 2019. Reporting against the revised Code will therefore not be required until 2020 when companies publish their annual reports and accounts for the preceding year. However, the FRC intends to evaluate the extent of early adoption of the new Code in terms of reporting on the application of its Principles and compliance or otherwise with its Provisions and to publish its findings at the end of 2019.</p><p> </p><p>The FRC is the subject of an independent review being led by Sir John Kingman which is expected to report before the end of the year.</p><p> </p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2018-11-19T15:43:10.97Zmore like thismore than 2018-11-19T15:43:10.97Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
unstar this property tabling member
4286
unstar this property label Biography information for Lord Mendelsohn more like this
1005646
star this property registered interest false more like this
unstar this property date less than 2018-11-12more like thismore than 2018-11-12
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Electricity: Meters more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of the ability of current smart meter technology accurately to account for energy generated by domestic solar panels. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL11417 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-22more like thismore than 2018-11-22
unstar this property answer text <p>Both SMETS1 and SMETS2 smart meters are compatible with microgeneration, including solar panels.</p><p> </p><p>All SMETS compliant electricity meters are capable of recording any electricity that is exported to the grid from onsite renewable generation sources, such as solar panels.</p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2018-11-22T16:42:45.003Zmore like thismore than 2018-11-22T16:42:45.003Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
unstar this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this
1007907
star this property registered interest false more like this
unstar this property date less than 2018-11-15more like thismore than 2018-11-15
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Company Accounts: Standards more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what is the function and remit of the BEIS External Stakeholder Group. more like this
star this property tabling member printed
Baroness Bowles of Berkhamsted more like this
star this property uin HL11517 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-22more like thismore than 2018-11-22
unstar this property answer text <p>The function and remit of the BEIS External Stakeholder Group was to provide advice and share industry insight with BEIS officials to facilitate the preparation of legislation on the UK’s company reporting framework in preparation of the UK’s departure from the EU. The stakeholder group was established in April 2018 to support the development of legislation needed in the unlikely event of the UK leaving the EU without a future agreement.</p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2018-11-22T16:42:19.803Zmore like thismore than 2018-11-22T16:42:19.803Z
star this property answering member
2616
star this property label Biography information for Lord Henley more like this
unstar this property tabling member
4562
unstar this property label Biography information for Baroness Bowles of Berkhamsted more like this