§ Mr. Llew SmithTo ask the President of the Board of Trade if he will introduce legislation to control payments and remunerations made to company directors.
§ Mr. Neil HamiltonAt present the details of directors' service contracts over one year are, with some exceptions, required under the Companies Act 1985 to be made available for inspection by shareholders who may ask questions or put forward resolutions on directors' pay at the annual general meeting. Also, directors' service contracts for a period of five years or more are subject to approval by general meeting.