 We now move to agenda item 2 of the second meeting of the Standards, Procedures and Public Appointments Committee in 2022. The committee has been considering a complaint about a former member of the Scottish Parliament and I will now read out a statement that sets out the committee's findings. On behalf of the committee, I would like to make the following statement in relation to a complaint against a former MSP. The committee has considered a complaint from Mr Joe Lowe about Alison Harris. The complaint is that Alison Harris did not register the true market value of the shares she held in Georgian Finance Company Ltd appropriately in her register of interests. The committee is unanimous in the decision reached on the complaint. The committee cannot concur with all of the findings, in fact, of the commissioner and does not agree with the commissioner's conclusion. In relation to the commissioner's findings, in fact, the committee does not consider that the valuation of the market value of the shares in Georgian Finance Company Ltd, secured by the commissioner, can be deemed to be the definitive market value of the shares in the context of the code of conduct. Indeed, the committee would highlight that material included in the commissioner's report illustrates that experts can have conflicting views as to the market value of the shares in private limited companies, because different methodologies can be used to determine that. The committee was cognisant that the code of conduct for MSPs does not provide a definition of market value, nor does it prescribe any methodology for ascertaining the value of shares. However, the code does state that, on detailed financial and commercial matters, a member may wish to seek advice from other relevant professionals. Alison Harris indicated in her representations to the committee that she had sought the professional opinion of the company's accountant as to the market value of the shareholding, which she interpreted as being nil, due to her being unable to freely sell her shares. In relation to the commissioner's conclusion, the committee does not agree that there are sufficient grounds to conclude that there has been a breach of the interests of the members of the Scottish Parliament Act 2006 and, indeed, the code of conduct. Alison Harris registered an interest in shares on the basis that she held more than 1 per cent of the nominal value of the issued share capital of the company. She did not additionally register the shares on the basis of the market value exceeding 50 per cent of a member's salary at the start of the relevant parliamentary session, because she ascertained the value of the shares to have a market value of £1. While the committee recognises that a fair observer might reasonably consider the market value to be higher, there were conflicting expert views on the market value of the shares. In addition, the committee could not draw on either a definition of market value or a prescribed method for reaching a market valuation within the code to reach an incontrovertible conclusion that the market value of the shares exceeded the threshold. For those reasons, the committee does not consider that it is in a position to reach the conclusion that a breach of either the act or the code had taken place. The committee recognises that there are many different types of shareholdings, particularly in relation to private limited companies, and that, in some circumstances, ascertaining a market value for shares can be complex. For this reason, it intends to consider this matter further with a view to revising the guidance on the code of conduct for MSPs, provide more clarity to members, on the registration requirements and greater transparency to the public on members' interests. In conclusion, although the committee does not consider that there are sufficient grounds to consider that the code of conduct has been breached in relation to that complaint, it would remind all members that they should approach the registration of their financial interests in the spirit of the utmost transparency to ensure that their integrity and propriety cannot be called into question. Full details of the complaint and the commissioner's investigation of it will be included in the committee's report, which will be published later this afternoon.