Extracts from Lords proceedings - Jul 4
Friday, 5 July 2019 07:31
Extract from Lords statement on Serco Lord Garnier (Con): My Lords,
I declare my interest as the law officer who introduced deferred
prosecution agreements into our criminal justice system when I was
in government, and I have also been instructed by the Serious Fraud
Office on two of the deferred prosecution agreements—with Standard
Bank and Rolls-Royce—since they came into force. Does today’s news
and the Statement not illustrate the good sense of the deferred
prosecution agreement...Request free
trial
Extract from Lords
statement on Serco
Lord Garnier (Con): My Lords, I declare my interest as the law
officer who introduced deferred prosecution agreements into our
criminal justice system when I was in government, and I have also
been instructed by the Serious Fraud Office on two of the deferred
prosecution agreements—with Standard Bank and Rolls-Royce—since
they came into force. Does today’s news and the Statement not
illustrate the good sense of the deferred prosecution agreement
system? It allows companies to come to terms with their wrongdoing,
to compensate the victims of their wrongdoing and to pay a suitable
penalty for that wrongdoing, while at the same time not causing
collateral damage to the contractors, employees and pensioners of
those companies who are not affected by, for example, a company
being shut down. The events which caused the criminal conduct are
to be much regretted, but surely the new board and management have
in this case done precisely the right thing in coming to terms with
the wrongdoing and making account of it to the public, and, having
cleaned its debts, can now get on...
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Extract from Lords debate
on Apprenticeships
(Lab):...One
large accountancy firm, for example, writes that it is now tending
to reduce the number of graduate trainees in favour of the 18
year-old apprentices so they are now about half and half. However,
while these are new apprenticeships, they are not new employees.
These are not, in some sense, new opportunities. Mostly, as Augar
points out, these degree-level apprenticeships are operated by
large firms in service industries—I do not know how much they are
substituting for graduate trainees—but there are also employers in
manufacturing industry who run successful schemes, Rolls-Royce being the prime example...
To read all the exchanges, CLICK
HERE
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