Member

Amendment 177 standardises the language used in the Bill regarding owners and officers. Currently, owners are not required to have requisite competence, but officers are. But we know from experience that an incompetent owner can be just as damaging—if not more so—than incompetent directors, and we have heard some clear and powerful examples in the debate today. So, again, I hope the Minister will look favourably on Amendment 177, which sensibly tries to ensure that the same standards are applied to both.