Discretionary Share Option Schemes in the Privatised Utilities

Part of New clause 1 – in the House of Commons at 5:30 pm on 3rd April 1995.

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Photo of Mr Barry Legg Mr Barry Legg , Milton Keynes South West 5:30 pm, 3rd April 1995

I am surprised that the hon. Gentleman wants to have the regulator involved, or thinks that the regulator will be interested. Share options involve the issue of shares to employees and directors, and have nothing to do with the pricing of gas or any other commodity. The issue is approved in general meeting, when shareholders decide that they are happy to see a dilution of their holding in the best interests of the employees and directors of the company and its good management.