Dilution threat to Company Law plans

The result of a three-year process now has to endure the scrutiny of parliament and the public. It is feared this could result in a weaker company law than is currently being proposed by the steering group which led the consultation process.

Gerry Acher, KPMG partner and chairman of the ICAEW audit faculty, told ‘This is a major step forward. What I like is that the whole thing ties together. It is better than I thought.’

But Acher warned against the proposals being tampered with.

‘It is a package. We mustn’t allow people to unpick it,’ he said.

‘Now the skill is to preserve it in its entirety. It is not a shopping list,’ he said.


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