§ Mr. Rostasked the Secretary of State for Industry whether he still intends to transfer the 100 per cent. shareholding of Rolls-Royce (1971) Limited to the National Enterprise Board; and whether a transfer has been agreed by the Rolls-Royce management.
§ Mr. KaufmanThe management of Rolls-Royce (1971) Ltd. is aware that my right hon. Friend proposes to transfer the Government's shareholding in the company to the National Enterprise Board.
§ Mr. Rostasked the Secretary of State for Industry if it is intended that the existing Rolls-Royce (1971) Limited management will continue to exercise its responsibilities under the guidelines established in 1971 after the company becomes a subsidiary of the National Enterprise Board; and what will be the function and control of the National Enterprise Board over the existing directors of Rolls-Royce.
§ Mr. KaufmanThe guidelines to which the hon. Member refers govern the relationship between the company and the Department of Industry as shareholder. The future relationship between the company and the National Enterprise Board is under discussion.
§ Mr. Rostasked the Secretary of State for Industry what changes in management will result from the takeover of Rolls-Royce (1971) Limited by the National Enterprise Board; and whether that body will be represented on the board of Rolls-Royce.
§ Mr. KaufmanI am not aware that any management changes will take place as a result of the transfer of Rolls-Royce (1971) Limited to the National Enterprise Board.
§ Mr. Rostasked the Secretary of State for Industry what consultations have taken place with the management and work force of Rolls-Royce (1971) Limited on the proposed transfer of the company to the National Enterprise Board; and what is the degree of support or opposition.
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§ Mr. KaufmanThe Government's proposal to transfer Rolls-Royce (1971) Limited to the National Enterprise Board was announced in the White Paper "The Regeneration of British Industry", Cmnd. 5710. I have received very few representations about this proposal.