Margot James
Main Page: Margot James (Conservative - Stourbridge)(12 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text
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Margot James (Stourbridge) (Con)
Incentives and rewards are fundamental to the private sector growth that we are all keen to ensure. Does my right hon. Friend accept that it is sometimes hard to distinguish between performance and failure, and that certain companies facing extremely difficult trading conditions might have to hang on to an executive through the incentive of high pay?
Vince Cable
Yes, and that is why operational decisions must remain with the company so that it can make a judgment on the matter. Through these recommendations we are trying to ensure that investors are properly informed, and we are, through transparency, giving them the power to make the judgment that the hon. Lady described, and act accordingly.