§ Mr. Elletson
To ask the President of the Board of Trade what measures his Department will take to deal with the short-termism of the City.
§ Mr. Sainsbury
Although the issue is unproven, there is a perception that short-termism exists. A lack of effective dialogue between companies and their shareholders may lead to short-term attitudes; by companies with regard to their investment decisions, and investors with regard to their shareholdings. My Department will continue to support initiatives which can lead to an improved level of understanding between the City and industry.