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Spring European Council

My right hon. Friend is absolutely right. Independent directors are there not to rubber stamp decisions made by management, but to question them and to hold management accountable. I think that the Walker review, which is looking at the role of directors and people who sit on the boards of financial institutions, will conclude that a change of behaviour in the boardrooms is necessary. I think the whole country is angry at the practices we have seen in the Royal Bank of Scotland, and we condemn them.