Source · Select Committees · Business and Trade Committee
Recommendation 2
2
We recommend that Ministers reflect on the systemic risks to UK industry posed by such...
Recommendation
We recommend that Ministers reflect on the systemic risks to UK industry posed by such unusual corporate structures and, if deemed necessary, bring forward amendments to the Companies Act. (Paragraph 29) Audit
Government Response
Accepted
HM Government
Accepted
3. Complex corporate structures exist for a variety of reasons, and the government does not wish to restrict the ability of businesses to structure themselves appropriately. However, the government agrees that those structures should not be a legal barrier to proper scrutiny of companies such as the GFG Alliance.