Company Law Reform Bill [HL]

moved Amendment No. 324:"Page 241, line 10, leave out from after ““of”” to end of line 14 and insert ““any circumstances connected with his ceasing to hold office which he considers should be brought to the attention of the members or creditors of the company or, if he considers that there are no circumstances, a statement that there are none””" The noble Baroness said: I have added my name to these amendments, although I was not expecting to do more than support the noble Baroness. I believe Amendment No. 324 returns the wording to existing company law, and invites the Government to say why they have shifted from the existing wording in connection with unquoted auditors’ resignation reasons. We seek to clarify why the Government think this formulation is better than the existing one, which is tried and tested. Amendment No. 326 makes it clear that the test to be applied should be subjective, judged by the outgoing auditor, and not left unclear how the test should be judged. On behalf of both myself and the noble Baroness, Lady Goudie, I beg to move.