§ 50. Mr. Erroll
asked the Chancellor of the Exchequer what principles govern the appointment of Government-appointed directors to the boards of public companies.
§ Mr. R. A. Butler
Broadly speaking, Government directors are appointed to the Boards of public companies because public money or issues of public policy are involved. In choosing such directors, the Government's aim is to appoint persons whose general qualifications and special experience are such as to safeguard the public interest in both respects.
§ Mr. W. R. Williams
Will the Chancellor of the Exchequer tell us what principles are followed in private industry?
§ Mr. Butler
The same high standards are followed in private industry as actuate Her Majesty's Government.