Public Limited Companies (Financial Regulation)

Part of the debate – in Westminster Hall at 4:22 pm on 13th March 2003.

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Photo of Nick Palmer Nick Palmer Labour, Broxtowe 4:22 pm, 13th March 2003

Mr. Djanogly referred to Marconi, which operates in my constituency. I understand that its share price collapsed by 99 per cent. as a result of the current arrangements. Does he believe that the outcome would have been worse if it had been subject to challenge by independent non-executive directors?