M
Member
Speaking in the House of Lords on 15 October 2025
Debate
Companies (Directors’ Report) (Payment Reporting) Regulations 2025Contribution
Disclosures are always helpful in giving things visibility and enabling us to talk about them because they have been given visibility. But transparency alone cannot empower stakeholders; there has to be some mechanism for action. Where is the mechanism to ensure that SMEs will not be exploited by large companies? I cannot see any. If a company is squeezing creditors, which government department or regulator would respond and what would it ask the company to do? Would it ask it to go easy on SMEs or what?
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