Member consultation on reforming the Prompt Payment Code

Member consultation on reforming the Prompt Payment Code Member consultation on reforming the Prompt Payment Code
event

21 September 2020

query_builder

13:00 - 14:30

place

Online

Member consultation on reforming the Prompt Payment Code

In June last year, it was announced that the Prompt Payment Code would be strengthened and reformed, following the Department for Business, Energy and Industrial Strategy’s (BEIS) publication of the Government response to the ‘Creating a Responsible Payment Culture’ Call for Evidence.

The first step – now completed – was transferring the administration of the Code to the Office of the Small Business Commissioner, and BEIS are now entering into a period of engagement with Prompt Payment Code signatories and other interested stakeholders about what a strengthened Code might look like.

Throughout the COVID-19 pandemic almost 300 organisations have signed up to the Code. BEIS is keen to maintain this momentum and see a reformed Code as a key lever in further improving payment practices across companies of all sizes.

CBI members have an important part to play in shaping the future of the Code and Paul Scully MP, (Minister for Small Business, Consumers and Labour Markets at BEIS), will be joining us.  The event will be chaired by Josh Hardie, (Deputy Director-General, CBI). 

The purpose of the event is to seek your views on changes that could be made to the Code to improve and strengthen it. We will also discuss how to raise its profile and encourage more firms to become signatories.


This event will be of importance to those with a major finance function in their job, or those with the following job titles

  • Chief Executive Officer
  • Managing Director
  • Finance Director
  • Chief Financial Officer
  • Senior leader working in the finance function

Get in touch

Colette Cunningham

Colette Cunningham

Events Manager - Scotland