In the 1990s it has become more and more evident that the law relating to commercial companies needs attention. Directors - with the aid of a few "outsiders" on the remuneration committee - seem to have the power to sit round the boardroom table and vote for one another to "steal" the shareholders' money. "Block votes" exercised (in many instances by proxy) at AGMs enable a few to overpower any kind of democratic control.
Are any of the parties contending the current election proposing to tackle this problem?
F W DAWBER
Macclesfield, CheshireReuse content