Business furious with late change to companies bill
British business leaders are demanding answers from government over a late change made to the companies bill that could force disclosure of sensitive information
Business has warned that a last-minute change to the
companies
bill means businesses will be forced to disclose confidential information on
employees, and commercially-sensitive details of licensing agreements and joint
ventures.
Leading business leaders are to meet industry minister
Margaret
Hodge next Monday to ‘demand some answers’ on the last-minute change
introduced by government last week, just before the bill could be rushed through
parliament, the Financial Times reported.
Although the new measure is designed to force businesses to disclose
information about their supply chains, the
Confederation
of British Industries and Institute of Directors warned that the wording is
so vague, it could force companies to reveal information that may be potentially
commercially and legally sensitive.
The DTI has said it will be happy to talk to business about its concerns.
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