Oral question asked in the House of Commons, by Vincent Cable (Liberal Democrat). It was answered on Tuesday, 15 December 2009 on behalf of the Treasury.
Remuneration Levels
- Question
- But does the Minister not agree that one of the important pieces of unfinished business is the largely taxpayer-owned £1.5 billion bonus pool in RBS? As the board of directors publicly defied the Government over that matter, do the Government propose to take any further action, either by replacing those directors or by giving them fresh instructions about how to deal with that bonus pool?
- Answer
-
RBS is a bank in which we exercise a certain degree of influence over remuneration policies—but the hon. Gentleman will be pleased to hear that its management have not yet made proposals for a bonus pool.
Secondary information
- Type
- Oral question
- Reference
- 502 c787
- Session
- 2009-10
- Oral question type
- Supplementary
- Chamber / Committee
- House of Commons chamber
- Subjects
- Banks Pay Public sector
- Link
- View this Oral question on www.publications.parliament.uk
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- Timestamp
- 2023-12-01 15:13:58 +0000
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