§ 52. Mr. Viggersasked the Chancellor of the Exchequer if he will state his current proposals to ensure that the interests of employees are taken into account by those responsible for the management of State corporations and companies.
§ Mr. Joel BarnettThe statutory definition of the duty of directors proposed in the White Paper "The Conduct of Company Directors", which will include a requirement on them to take into account the interests of employees, will apply to the directors of all companies. The boards of the nationalised industries are subject to the terms of the statutes of their industries, and are formally responsible to Ministers. The Government have asked the chairmen of the nationalised industries, where they are not already doing so, to consult the union in their industries with a view to making joint proposals for improvements in consultation and participation.