HC Deb 19 July 1976 vol 915 c393W
Mr. Lee

asked the Secretary of State for Trade what consultations he has had with the auditors appointed in the Lonrho Group with a view to ensuring that no emoluments are paid out to directors and staff of that group of a kind criticised by the inspectors who have recently inquired and reported under the provisions of Section 165 of the Companies Act 1948.

Mr. Clinton Davis

None. Remuneration is a matter for the company and not its auditors. Further, I am not empowered to intervene in the management of the affairs of a company.

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