Early day motion tabled by primary sponsor Paul Farrelly (Labour), on Thursday, 19 March 2009, in the House of Commons. It is signed by 40 members in total.

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DIRECTORS' CONDUCT AT ROYAL BANK OF SCOTLAND

That this House condemns the conduct of the Royal Bank of Scotland over the pension arrangements it agreed with Sir Fred Goodwin, including picking up the ??1.8 million tax bill to pay him a ??2.7 million lump sum; is outraged at the former chief executive's shameless greed in taking it, in addition to his annual ??703,000 pension; and calls on the Government to demonstrate its resolve by commencing legal action against the directors or former directors involved, including Sir Fred Goodwin, for breach of fiduciary duty to the bank and its shareholders, who now include the taxpayer.

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Secondary information

Type

Early day motion

Reference

1135 

Session

2008-09

Other sponsors

Paul Robert Holmes

Lindsay Hoyle

Lynne Jones

Martin Caton

Mike Hancock

Subjects

Financial institutions

Link

View this Early day motion on www.parliament.uk