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Oral question asked in the House of Lords, by Lord Tebbit (Conservative). It was answered on Wednesday, 14 December 2011.


Business: Ethical Values

Question
My Lords, does my noble friend not agree that the best way of asserting the rights of the owners of a business, as opposed to the hired help—men like ““Fred the Shred””—would be if some of them were put on trial for falsifying the accounts of the businesses which they ran? They either knew or ought to have known that the accounts and the balance sheets that they brought forward were false.
Answer

We know that the shareholders hold the power in this country’s large corporations, and if they will, please, use it to call the people in those companies to account, we should see some movement. That is what we are encouraging.


Secondary information

Type
Oral question
Reference
733 c1282 
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