I thank Richard Leonard for bringing this motion to the chamber. I was particularly pleased to hear him talk about the importance of who owns the capital in our economy. That topic has not had sufficient attention in recent years, although it used to be a bigger topic of conversation. I also welcome the fact that Richard Leonard noted that much foreign direct investment is not actually...
I have also studied the little green book of John Lewis, and that company’s governance structure does not give the partners—the workers—as much control over their labour and the future of the company as some people have said. I am sure that Mr Mason agrees that governance is just as important as ownership.
I note that the Conservatives had a proposal in their manifesto in May to put workers on company boards and to allow workers to hold annual votes on executive pay. Does Mr Halcro Johnston support that and will he encourage his colleagues in Westminster to bring forward those proposals in legislative form?
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