Enterprise Bill
I beg to move, That this House does not insist on its amendment 2A to Lords amendment No. 2 to which the Lords have disagreed, but instead agrees with amendment (a) in lieu thereof.
As I said in last week's debate on Lords amendments, I am happy to accept the principle of Lords amendment No. 2—that the Office of Fair Trading should have regard to the generally accepted principles of good corporate governance in its affairs. However, I consider it necessary to amend the Lords amendment to ensure that the OFT must have regard only to the principles of good corporate governance that may reasonably be regarded as being applicable to it, and to ensure that the OFT must also have regard to other relevant general guidance concerning the governance of public bodies.