"My view—and that of the advisers behind me—is that at this stage I need say only one thing: I will write to the noble Lord. That will be easier and fairer. We will make sure that everyone else receives a copy of that, too. I apologise for not being able …..." Baroness Wilcox - View Speech
"With your Lordships’ permission, I should like to repeat a Statement made by my right honourable friend the Secretary of State for Business, Innovation and Skills in another place today.
“I welcome this opportunity to set out the Government’s proposals on directors’ pay. This follows extensive consultation with business and …..." Baroness Wilcox - View Speech
"My Lords, I thank the noble Lord, Lord Stevenson, for his support for some of the things that we have done. Obviously he feels that we have not gone far enough, which is what I expected him to say. Of course, that allows me to say that in all the …..." Baroness Wilcox - View Speech
"In answer to my noble friend’s first question, company law captures only UK companies. However, overseas companies must comply with the listing rules. We will work with the FSA to consider how the listing rules need to change in view of these reforms. I hope that is a helpful answer. …..." Baroness Wilcox - View Speech
"I am very happy to reassure the noble Lord that we mean pay—all of it—and that is why we said in the Statement that there would be one figure. One figure means you do not have to work your way through myriad figures and arrangements, et cetera, so that it …..." Baroness Wilcox - View Speech
"My noble friend is right. We are very keen to make sure that shareholders feel that they are getting a fair deal. It is very useful for the very big shareholders to be able to get in and take on the companies for these pay arrangements. I have sat in …..." Baroness Wilcox - View Speech
"The right reverend Prelate is right; one of the big worries is the great differential which has gradually opened up between the top pay and that of other employees in the company. As we said in the Statement and as I am happy to repeat now, we will be making …..." Baroness Wilcox - View Speech
"We have engaged extensively with businesses and investors to come up with a robust, workable and enduring package that helps shareholders to sustain the increasing activism which we have seen...." Baroness Wilcox - View Speech
"I read that to make sure I was absolutely correct because the noble Lord has been quoting paragraph numbers. I would not like him to say that I had made a mistake or moved a comma. Perhaps he will forgive me on that.