Banking: Royal Bank of Scotland — Question

Part of the debate – in the House of Lords at 3:04 pm on 1 February 2011.

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Photo of Lord Brooke of Alverthorpe Lord Brooke of Alverthorpe Labour 3:04, 1 February 2011

The Minister has described the nature of the relationship between the Government and the Royal Bank of Scotland. Is he content with the composition of remuneration committees attached to public limited companies? Given the widening gap between the better paid and the lower paid, is there not a case for a change in the diversity of the people who sit on remuneration committees? Are the Government prepared to explore this and perhaps look at whether we could see more representative groups on remuneration committees, particularly with those in the lower socioeconomic groups being represented?