§ Mr. BurdenTo ask the Prime Minister what plans he has to ensure co-ordination between Ministers and regulatory bodies in monitoring levels of executive salaries and share options in privatised industries and services.
§ The Prime MinisterThe role of regulators is to protect consumers. Regulators cannot be expected to judge the merits of individual board members, set their pay effectively and determine the appointment of boardroom executives. We await the conclusions of the Greenbury committee on the best practice for companies on executive remuneration.