Public Limited Companies (Financial Regulation)

Part of the debate – in Westminster Hall at 3:02 pm on 13th March 2003.

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Photo of Mark Field Mark Field Conservative, Cities of London and Westminster 3:02 pm, 13th March 2003

Although I take on board the concerns raised by Mr. McFall, there is a risk that if we berate stock options—the press would inevitably make that into a big issue—we would encourage the short-termism that would blight smaller, growing companies. Although I recognise the abuses, I hope that my hon. Friend will agree that we need to encourage stock options in the general sense, particularly for relatively low-paid employees and middle management staff who aspire to a long-term career with a company.