Oral question asked in the House of Lords, by Lord Young of Norwood Green (Labour). It was answered on Wednesday, 14 December 2011.
Business: Ethical Values
- Question
- My Lords, does the Minister agree that the high executive pay which the public at large find so objectionable is only one symptom of the real illness, which is the broken relationship between shareholders and managers? How are the Government going to repair this so that the values of shareholders are reflected in the decisions of management, including perhaps having an employee representative on remuneration committees?
- Answer
-
The independent Kay review will be looking at these things, which we have previously discussed and debated. I do not think any of us like to see the distance between remunerations growing wider and wider. There is no doubt that the Government are following this up.
Secondary information
- Type
- Oral question
- Reference
- 733 c1281
- Session
- 2010-12
- Oral question type
- Supplementary
- Chamber / Committee
- House of Lords chamber
- Subjects
- Business Ethics
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2014-09-01 20:15:00 +0100
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