Beckett hints at plans to tighten corporate governance
Wednesday 12 November 1997
Addressing the Confederation of British Industry's annual conference in Birmingham, Mrs Beckett said: "We want forms of governance and company law that encourage companies to invest and grow - to take the long-term strategic view and a broad view of their obligations. They should also ensure openness and accountability not least in the relationship between shareholders and managers."
Advisers later played down suggestions that the Government was poised to legislate to oblige companies to invest more. But it was made clear that new statutory obligations, giving shareholders more power were under consideration.
Mrs Beckett also took British industry to task for its poor performance in comparison to competitor nations. She said that companies had to benchmark their performance against the best in the world, not just the best in the UK.
- Michael Harrison
- 1 This is what happens when you tattoo Charmander on yourself, drunk, and with no experience
- 2 BBC election debate: The one photo that summed up the whole 90-minute leaders debate
- 3 18th century sex toy found in 'toilet of sword fighting school' in Poland
- 4 The Batman v Superman: Dawn of Justice trailer has leaked – watch
- 5 Rebecca Francis accuses Ricky Gervais of using 'influence' to target female hunters after receiving barrage of death threats
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
If I’m being racially abused I don’t need a white stranger with a saviour complex to rescue me
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
Russian warships in English Channel 'to conduct anti-aircraft and anti-submarine military drills'
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...