HC Deb 07 February 1995 vol 254 c139W
Mr. Nigel Griffiths

To ask the Prime Minister if he will make it his policy to establish a committee to examine utility directors' and chairmen's pay rises, pension contributions and share options.

The Prime Minister

[holding answer 6 February 1995]No. As I have previously made clear, private sector salaries and other remuneration are a matter for companies and their shareholders to decide, not the Government. We welcome the establishment of Sir Richard Greenbury's group, which will prepare a code of good practice on directors' pay and conditions, and the recent contribution made by the Institute of Directors.