Clause 8 - The Non-Executive Committee
Pensions Bill
3:30 pm
Mr Nigel Waterson (Eastbourne, Conservative)
I do not want to dwell on clause 8, but I would like the Under-Secretary's confirmation of how the non-executive committee will operate. Presumably, it is expected that the Higgs recommendations on corporate governance will be carried out to the letter. All too often in the past we have seen corporate situations in which non-executives have been kept in the dark about crucial matters. Given the committee's likely profile, that would be disastrous.
Does the Under-Secretary have any thoughts about issues such as length of service, the reappointment of non-executives and how many other such posts individuals might hold? Part of the general Higgs
concern is that some people collect such posts like postage stamps.