Written question asked by Vincent Cable (Liberal Democrat) on Monday, 1 July 2002, in the House of Commons. It was due for an answer on Wednesday, 10 July 2002. It was answered by Melanie Johnson (Labour) on Wednesday, 10 July 2002 on behalf of the Department of Trade and Industry.

Dept of Trade and Industry

Question: To ask the Secretary of State for Trade and Industry, what plans she has for reform of (a) company law and (b) corporate governance as a result of the WorldCom fraud; and if she will make a statement.

Answer: Dr. Cable: To ask the Secretary of State for Trade and Industry what plans she has for reform of (a) company law and (b) corporate governance as a result of the WorldCom fraud; and if she will make a statement. [66747] Miss Melanie Johnson: In February a group was set up to coordinate the response of key regulators to the issues for accounting, auditing and aspects of corporate governance raised in the aftermath of Enron. It will produce an interim report by the end of July. The Government will also publish in July its first formal response to the recommendations of the Company Law Review.

Secondary information