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Accountability Of Multinational Companies

EDM number 1369 in 2006-07, proposed by Austin Mitchell on 27/04/2007.

That this House finds International Financial Reporting Standard (IFRS) 8, concerning disclosure of operating segments by multinational corporations, totally unacceptable because it gives company directors carte blanche to decide what they disclose and how they disclose it and does not require consistency of disclosure either between periods or between companies and therefore fails to create a clear standard for disclosure to help investors, abolishes previous requirements for geographical disclosure and allows different accounting rules to be applied to segment information from that used in the rest of a company's financial statements; and therefore urges the UK Government and the European Commission to carry out their own urgent and in-depth impact assessments on IFRS 8 and require multinational companies to adopt, in addition to any segment data they disclose, full country-by-country disclosures of all activities in each geographical jurisdiction in which they operate, together with details of turnover, profits and taxes paid in each of those territories.

This motion has been signed by a total of 36 MPs.

MPDateConstituencyPartyType
Austin Mitchell27/04/2007Great GrimsbyLabourProposed
Jim Cousins27/04/2007Newcastle upon Tyne CentralLabourSeconded
Peter Bottomley30/04/2007Worthing WestConservativeSeconded
Lynne Jones30/04/2007Birmingham, Selly OakLabourSeconded
Paul Flynn30/04/2007Newport WestLabourSeconded
Mike Hancock30/04/2007Portsmouth SouthLiberal DemocratSeconded
Kelvin Hopkins01/05/2007Luton NorthLabourSigned
Alan Meale01/05/2007MansfieldLabourSigned
Colin Breed01/05/2007South East CornwallLiberal DemocratSigned
David Drew01/05/2007StroudLabourSigned
Andrew George01/05/2007St IvesLiberal DemocratSigned
Ian Gibson01/05/2007Norwich NorthLabourSigned
David Taylor01/05/2007North West LeicestershireLabourSigned
Rudi Vis02/05/2007Finchley and Golders GreenLabourSigned
Robert Wareing02/05/2007Liverpool, West DerbyLabourSigned
Jim Dobbin02/05/2007Heywood and MiddletonLabourSigned
Jeremy Corbyn02/05/2007Islington NorthLabourSigned
Chris McCafferty02/05/2007Calder ValleyLabourSigned
Elfyn Llwyd02/05/2007Meirionnydd Nant ConwyPlaid CymruSigned
Ann Cryer02/05/2007KeighleyLabourSigned
Brian Jenkins03/05/2007TamworthLabourSigned
Rob Marris03/05/2007Wolverhampton South WestLabourSigned
David Anderson03/05/2007BlaydonLabourSigned
Bill Etherington08/05/2007Sunderland NorthLabourSigned
Betty Williams08/05/2007ConwyLabourSigned
George Galloway08/05/2007Bethnal Green and BowRespectSigned
Michael Jabez Foster08/05/2007Hastings and RyeLabourSigned
Andrew Dismore08/05/2007HendonLabourSigned
John McDonnell08/05/2007Hayes and HarlingtonLabourSigned
Paul Holmes08/05/2007ChesterfieldLiberal DemocratSigned
Michael Clapham10/05/2007Barnsley West and PenistoneLabourSigned
Mark Durkan10/05/2007FoyleSocial Democratic and Labour PartySigned
Alan Simpson14/05/2007Nottingham SouthLabourSigned
David Hamilton21/05/2007MidlothianLabourSigned
Eric Illsley20/06/2007Barnsley CentralLabourSigned
Jon Trickett09/07/2007HemsworthLabourSigned

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