Directors’ Pay

Debate between Baroness Wilcox and Baroness Buscombe

Wednesday 20th June 2012 Lords Chamber

[Baroness Wilcox]

I assume the noble Lord is talking about outside auditors, not the internal audit committee. I do not have an answer for him immediately but I will certainly go back and find out what we are thinking in respect of auditors. I think I have an Oral Question next week on auditors so that might be worth listening to. I apologise that I cannot answer that right now.

[Baroness Buscombe]

Will the Minister explain what she meant when she said that private equity is “something else”?

[Baroness Wilcox]

This is to do with the FTSE-100 companies as opposed to private equity, which is a completely different discipline.