HC Deb 14 February 1972 vol 831 cc13-4W
64. Mr. Walter Johnson

asked the Secretary of State for Trade and Industry if he will introduce legislation to protect the holders of workers' shares so that if a company goes into liquidation workers' shares will be a first charge on that company.

Mr. Ridley

We are considering whether, and in what manner, company law relating to workers' shares may require to be amended as a result of the Rolls-Royce situation. But the rights attaching to the ownership of equity cannot properly be separated from the risks.