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Our amendment calls for Parliament to have a key role in establishing the bank’s ethical investment code—the implementation plan refers to that merely as a backstop, but in our view it should be enshrined in the primary legislation that establishes the bank.
I have had to work hard with IJB members so that they appreciate that an IJB is a board and that certain responsibilities go with that—they sign a code of conduct, for example, and a lot flows from that.
They include the commissioning and delivery of forestry research and science; the protection of trees from pests and diseases; and agreement on codes and standards for the sustainable management of our forests.
The bill contains only one laid-only provision:"Section 114(1) - Code of practice on disclosure".Are we content to find that power acceptable and that it is appropriate that the code of practice need only be laid before the Parliament?
Is there a connection between the points-of-order issue and the "Scottish Ministerial Code"? We had a brief discussion of the matter at our previous meeting.
Perhaps a balance can be achieved through the repossessions group, which can consider the implementation of practical changes through some sort of code of practice rather than through legislation.
The UK Government and the Scottish Government have both agreed to go to an international code of practice for accounting, which gives you the answer of bringing something such as this on to the balance sheet.