Employment: Remuneration Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Lord Tebbit
Main Page: Lord Tebbit (Conservative - Life peer)Department Debates - View all Lord Tebbit's debates with the Department for Business, Energy and Industrial Strategy
(8 years, 2 months ago)
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Baroness Neville-Rolfe
We are looking at the precise wording of the consultation document, but the idea is to explore the various ideas that the Prime Minister set out so eloquently in this area. That would include binding votes, employee representation, which I am aware of because I used to sit on a German board—it has pluses and minuses—and, of course, full disclosure of bonus arrangements.
Lord Tebbit (Con)
Does my noble friend agree that it might help to bring a different dimension to these discussions if, occasionally, we referred not to the “shareholders” but to the “owners” of businesses and not to the “executives” but to the “hirelings” who operate on behalf of the owners?
Baroness Neville-Rolfe
I thank my noble friend for his interesting and provocative remark.