§ Mr. Gordon PrenticeTo ask the President of the Board of Trade what analysis he has carried out of the composition of remuneration committees of United Kingdom plcs and the background of their members.
§ Mr. Jonathan EvansNone. However, research has been commissioned by the Cadbury Committee as part of its monitoring of its code of best practice. The code recommends that remuneration committees should be made up wholly or mainly of non-executive directors who should be independent of management and free from any business or other relationship which could materially interfere with the exercise of their independent judgment, apart from their fees and shareholding.