§ Mr Gordon Prentice
To ask the Prime Minister what assessment he has made of the effectiveness of ministerial exhortation on the pay and other benefits of directors of electricity and water companies in 1994.
§ The Prime Minister
I have made it clear on many occasions that directors should follow the lead that the Government have set for pay in the public sector.
However, remuneration of directors is a matter for the judgment of companies and their shareholders, within the framework of established company law, and reflecting affordability and individual and corporate performance.