In July 2012, PASC called for an overhaul of the system for scrutinising the ‘revolving door’ between government and business. But at a PASC hearing yesterday, outgoing Acoba chair Lord Lang rejected criticisms of the current system, arguing that the business appointment rules are fit for purpose.
Asked whether he sees disadvantages in his lack of enforcement and scrutiny powers, he said: “I don’t see disadvantages, because I am operating within the confines of the rules as they are set”.
Lang will leave Acoba this month. He’ll be replaced on an interim basis by Sir Hugh Stevenson, a committee member and non-executive at the Financial Services Authority 2004-’10.