Proceeding contribution from Chuka Umunna (Labour) in the House of Commons on Tuesday, 7 February 2012. It occurred during Opposition day on Banking (Responsibility and Reform).
Banking (Responsibility and Reform)
I agree with my hon. Friend. First, an employee understands what is going on in the business—perhaps, in some respects, better than a non-executive director—and, secondly, employees have a stake in the business, and if the business fails, they ultimately pay the price, as thousands of RBS employees going through the redundancy process are now realising.
Secondary information
- Type
- Proceeding contribution
- Reference
- 540 c189-90
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Bank services Banks Credit Incentives Pay Managers Loans Small businesses Regulation Reform Bank levy
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 15:15:29 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_807709
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