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To me, that illustrates a tendency towards a rules-based system which, in my view, has a number of negative effects on companies' positive approach to organising their affairs. I am in the principles-based camp; I do not think that we should tie things up unnecessarily. The other issue that Sarbanes-Oxley raises has already been touched on in relation to materiality. The Act introduced something r...
13 May 2009
#12876
156
Ayes
287
Noes
131
Majority
FAIL
Result
Party breakdown
| Party | Aye | No | Other | Total |
|---|---|---|---|---|
| LAB Labour | 2 | 234 | 0 | 236 |
| CON Conservative | 104 | 1 | 0 | 105 |
| UNK Unknown | 14 | 17 | 0 | 31 |
| IND Independent | 12 | 13 | 0 | 25 |
| SCO Scottish National Party | 5 | 0 | 0 | 5 |
| DUP Democratic Unionist Party | 3 | 0 | 0 | 3 |
| THE The Independent Group for Change | 0 | 2 | 0 | 2 |
| LAB Social Democratic & Labour Party | 0 | 2 | 0 | 2 |
| PC Plaid Cymru | 2 | 0 | 0 | 2 |
| SPE Speaker | 1 | 1 | 0 | 2 |
| LD Liberal Democrat | 0 | 1 | 0 | 1 |