ANNEX 1: REPORT FROM THE SUB-COMMITTEE
ON LORDS' CONDUCT
1. The Commissioner for Standards has submitted the
attached report upholding one element of a complaint made against
Lord Oxburgh.
2. The complaint alleged that Lord Oxburgh breached
the Code of Conduct by not registering in the Register of Lords'
Interests his position on the advisory board of the Real Asset
Energy Fund, a fund which invests in renewable energy power plants.
3. The Commissioner found Lord Oxburgh to have breached
the Code of Conduct by not registering the interest. Lord Oxburgh
accepted this finding and the Commissioner agreed with him remedial
action in the form of a letter of formal apology to the chairman
of the sub-committee (which is reprinted as an appendix to the
Commissioner's report). Lord Oxburgh has stood down from the advisory
board, so there is no need for him now to register the interest.
4. We welcome Lord Oxburgh's acceptance that he breached
the Code of Conduct and his apology for that breach. We do
not consider that any further sanction is appropriate.
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