Inbrief

The House of Lords committee considering the UK’s Company Law Reform Bill, which contains a clause that would enjoin companies to consider the interests of stakeholders other than shareholders, resumed sitting on 25 April after the Easter break. Once the committee has finished discussing all the clauses of the bill, it will move on to the report stage, in which voting on proposed amendments takes place. This is likely to begin in mid-May. A new sixth chapter to the bill, replacing the government’s scrapped plans for an Operating and Financial Reviews regime, is unlikely to be dealt with until later. The government put its plans to scrap the OFR requirements out to consultation until 22 March after a judicial challenge by Friends of the Earth.