Purpose

This independent blog collects news about projects or achievements in regulatory reform / better regulation. It is edited by Charles H. Montin. All opinions expressed are given on a personal basis.
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15 July 2012

Enterprise and Regulatory Reform Bill (UK)

Experts wishing to track current developments in smart regulation should regularly visit the special website opened by the Business Innovation and Skills (BIS) department and entirely dedicated to the Enterprise and Regulatory Reform Bill under discussion in Parliament.
The site follows the passage of the Bill through both Houses of Parliament. Published on the 23 May 2012 in the House of Commons, (text available on the Parliament website) the Bill aims to cut the costs of doing business in Britain, boosting consumer and business confidence and helping the private sector create jobs. It will:
- Improve the employment tribunal system.
- Create a new Competition and Markets Authority.
- Set the purpose of the UK Green Investment Bank.
- Give shareholder's binding votes on directors' pay.
- Simplify business red tape.
There is an active discussion in the media every time a significant amendment is announced, like the recent measures to give stakeholders a better control on company directors' remunerations.

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