Finance: Equity Markets Debate

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Lord Myners

Main Page: Lord Myners (Crossbench - Life peer)

Finance: Equity Markets

Lord Myners Excerpts
Monday 23rd April 2012

(12 years, 6 months ago)

Lords Chamber
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Lord Myners Portrait Lord Myners
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My Lords, on 3 November in the other place, the Leader of the House, the right honourable Sir George Young, said that the Government were considering methods by which shareholders could become members of board remuneration committees. In this House on 30 January, the noble Baroness said that she would welcome employee representatives on board committees. Do those continue to be the Government’s positions and, if so, when will we see some action?

Baroness Wilcox Portrait Baroness Wilcox
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On the Government’s view on shareholder/worker representation on company boards and committees, we decided not to include such proposals in the packet of measures for greater transparency. However, Professor Kay’s independent report will inform all the Government’s judgments from this point.