Proceeding contribution from Lord Myners (Labour) in the House of Lords on Tuesday, 13 January 2009. It occurred during Committee of the Whole House (HL) and Debate on bill on Banking Bill.
Banking Bill
We could debate this subject for hours. Indeed, lengthy books have been written on it. My limited experience in business is that it is not generally appropriate for shareholders to set the strategy, but it is appropriate for them to be engaged in challenging and approving it. That is what happens with public companies in the perfect world in which all shareholders appropriately engage, challenge and ask questions about business strategy. In that respect, Lloyds Banking Group and Royal Bank of Scotland should be no different from any other quoted company.
Secondary information
- Type
- Proceeding contribution
- Reference
- 706 c1166
- Session
- 2008-09
- Chamber / Committee
- House of Lords chamber
- Subjects
- Disclosure of information Codes of practice Accountability Administration Assets Bank services Banks Credit unions Building societies Bank of England Deposits Financial institutions Insolvency Legislation Government assistance Financial Services Authority Financial markets Foreign companies Protection Public sector Public expenditure Nationalisation Terrorism Regulation Shareholders Treasury Financial Services Compensation Scheme Northern Rock Freezing of assets
- Legislation
- Banking Bill 2007-08 to 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2024-01-26 18:45:01 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_517772
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