Public Limited Companies (Financial Regulation)

Part of the debate – in Westminster Hall at 2:30 pm on 13th March 2003.

Alert me about debates like this

Photo of Mark Field Mark Field Conservative, Cities of London and Westminster 2:30 pm, 13th March 2003

In a high-profile, Marconi-type situation—although Marconi is no longer in the FTSE 100—in which the press are keen to find out the exact problems in a company, one quickly sees a massive division between on one side the chairman and executive directors, and on the other the senior non-executive director, who has souped-up, post-Higgs rights and responsibilities. That would not be an ideal battleground on which a company could continue to thrive. In such large companies, tens of thousands of jobs could be at stake if a company's fortunes were undermined in such a way.