Company Accounts: Standards:Written question - HL10986

Asked on: 24 October 2018
Department for Business, Energy and Industrial Strategy
Company Accounts: Standards
Lords
To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 23 October (HL10458), what is their definition of “stakeholders that represent users”; and whether there are safeguards to ensure that the interest represented is in the public interest and not the proprietary interests of the fund management industry or corporate management more generally.
A
Answered by: Lord Henley
Answered on: 01 November 2018

The Department for Business, Energy and Industrial Strategy (BEIS) does not have a specific definition of stakeholders that represent users of accounts. However, as explained in the answer I gave to Question HL10458, our aim at every step of policy development is to take account of the views of a wide range of stakeholders, not just those of users of accounts. This ensures that we arrive at a balanced view of policy which takes into account the wider UK public interest.

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