Corporate Governance Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Oliver Dowden
Main Page: Oliver Dowden (Conservative - Hertsmere)Department Debates - View all Oliver Dowden's debates with the Department for Business, Energy and Industrial Strategy
Corporate Governance
Oliver Dowden ExcerptsTuesday 29th November 2016
(7 years, 12 months ago)
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Greg Clark
That is a useful parable, which just goes to illustrate further the point I was making about the commitment we have on the Conservative side of the House. I know that my right hon. Friend the Member for Surrey Heath (Michael Gove) is also a veteran of industrial action, showing that my hon. Friend the Member for Colne Valley (Jason McCartney) is not alone in this shared history.
Oliver Dowden (Hertsmere) (Con)
The self-serving practices of many executives have done much to undermine popular capitalism in this country, but does my right hon. Friend agree that, although it is important to review company law in this fashion, that is no substitute for basic morality, which has been sadly lacking in many recent cases?
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.