Corporate Governance

Baroness Donaghy Excerpts

Tuesday 29th November 2016 Lords Chamber

[Lord Henley]

I think that the noble Lord has it absolutely right when he says that being the chair of the remuneration committee can be a lonely place to be. That is something which all those in business, and the rest of the board, ought to take into account when listening to the chair of that committee.

[Baroness Donaghy (Lab)]

My Lords, I welcome the Green Paper because it gives us the opportunity to discuss some very important issues indeed. I equally welcome the fact that the Minister mentioned trade unions in his answer to one question. Only one mention is made of trade unions in the Green Paper. I would like to ask for an assurance from the noble Lord that, given that most successful companies in the UK are highly unionised with skilled workers, they will recognise the importance of the trade union contribution to all the subjects contained in the Green Paper. Will the Government ensure that trade union views are taken fully into consideration?

[Lord Henley]

My Lords, I think that I can give that assurance to the noble Baroness. I can also say that, as far as I am aware, my right honourable friend has had discussions with the head of the TUC and others, and certainly those discussions will continue over the period of the consultation relating to this Green Paper.