§ Sir Brandon Rhys Williams
asked the Secretary of State for Trade if he will make a statement on the Government's position in regard to non-executive directors.
§ Mr. Eyre
As my hon. Friend knows, the Government believe that suitable non-executive directors can be a valuable element in the boards of companies but that a statutory requirement would not be appropriate or effective. I am pleased to note, therefore, the launch today of a new enterprise known as Promotion of Non-executive Directors—PRONED—aimed at promoting the effective use of non-executive directors. I warmly welcome this initiative and wish it well. I understand that copies of an explanatory booklet are being made available to Members of the House.