Corporate Governance
Debate between Chris Philp and Greg ClarkTuesday 29th November 2016
(8 years ago)
Commons ChamberRead Full debate Access to Radiotherapy Bill 2016-17 View all Access to Radiotherapy Bill 2016-17 Debates Read Hansard Text Read Debate Ministerial Extracts
Greg Clark
My hon. Friend is right in what he says, and I think Conservative Members would not regard legislation as being the way to cure all ills. I would take issue with him to this extent only: in general, the standards of both governance and behaviour are very high in this country, and most employees have good jobs in successful businesses. We should be proud of the standards that we have, while taking action against those who depart from them.
Chris Philp (Croydon South) (Con)
Does the Secretary of State agree that giving shareholders more power has a good chance of curbing corporate excess, including excessive pay, and that in Sweden the use of a shareholder committee to control both the appointment and removal of directors, and to approve executive pay, has had extremely positive effects in both those areas?
Greg Clark
I am delighted to see my hon. Friend in this place. When he reads the Green Paper, he will see that the proposal he made in a very well-written paper for a think tank to suggest a shareholder committee in this way is one option we are consulting on. I congratulate him on his influence on this debate and look forward to the responses to it.
Oral Answers to Questions
Debate between Chris Philp and Greg Clark(8 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Greg Clark
My right hon. Friend has been vigorous during the summer in going around the world to promote the case for British business, as is his job. Opposition Members will have the support of everyone in this House if they join the efforts we are making to promote the great opportunities there already are in this country and the further opportunities to come.
Chris Philp (Croydon South) (Con)