Moved by
Lord McKenzie of Luton
14BB*: Schedule 4, page 40, line 6, leave out sub-paragraph (1) and insert—
“(1) A relevant authority, other than a health service body, shall determine the membership of its audit committee, provided the committee—
(a) consist of a majority of independent members (or wholly of independent members), and
(b) must be chaired by an independent member;
subject to sub-paragraphs (1A) and (1B).
(1A) An individual shall be ineligible to act as a member of an audit committee if that individual has any disqualifying interest.
(1B) The Secretary of State may by regulation determine interests that would disqualify an individual under sub-paragraph (1A).”