HC Deb 16 July 1990 vol 176 c382W
Mr. Allen

To ask the Secretary of State for Trade and Industry what European Community proposals exist for two-tier boards for limited companies; and if he will make a statement.

Mr. Redwood

The draft fifth directive on company law contains proposals for the harmonisation of laws relating to the structure of the boards of public companies. It would enable national legislation to prescribe the use of a one-tier or a two-tier board system, or to provide for both. The proposal for a European company statute contains provisions that would enable a European company to choose between the two structures.

Forward to