Page last updated at 11:19 GMT, Tuesday, 23 October 2012 12:19 UK

Enterprise and Regulatory Reform Bill

Enterprise Minister Arlene Foster said the main purposes of the Enterprise and Regulatory Reform Bill were to encourage long-term growth and to simplify business regulation, on 23 October 2012.

Mrs Foster said the legislative consent motion (LCM) she was promoting was necessary to allow the Green Investment Bank to operate in Northern Ireland.

She explained that the bank was being established to encourage investment in the green economy.

The other important aspect of the LCM concerned payments to directors of listed companies.

The minister said the bill would give greater voting rights to shareholders concerning directors' pay.

Patsy McGlone of the SDLP welcomed the LCM on behalf of the enterprise committee.

The motion was carried on an oral vote.

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