Dr Russel Norman, in Committee, to move the following amendment:
In clause 16, after new section 45X (after line 10 on page 12), insert:
45Y Mixed ownership model companies must operate according to good business practice
(1) Mixed ownership model companies must operate according to good business practice. For the purposes of this clause good business practice includes, but is not limited to, being:
(2) For the purposes of this section, a good employer is an employer who operates a personnel policy containing provisions generally accepted as necessary for the fair and proper treatment of employees in all aspects of their employment, including provisions requiring—
This Supplementary Order Paper would make mixed ownership model companies subject to a modernised and enhanced version of section 4 of the State-owned Enterprises Act 1986. The additions in new sections 45Y(1)(a) and 45Y(1)(c) would require mixed ownership model companies to behave in an environmentally and legally responsible manner.