Companies: Executive Remuneration

Lord Davies of Coity Excerpts

Wednesday 13th June 2012 Lords Chamber

[Lord De Mauley]

I wish I could think of a quick answer to that, my Lords.

[Lord Davies of Coity]

My Lords, in answer to the question posed by the noble Lord, Lord Lea, the Minister said there were no plans to have employee representatives on management boards. Fine—but can the Minister tell the House why the Government object to workers’ representatives being on the boards?

[Lord De Mauley]

My Lords, I am as yet unconvinced that it would contribute to the growth of those companies or of UK plc.