2 February 2012
George Freeman calls for more employee share ownership to give employees a voice on the board.
George Freeman (Mid Norfolk) (Con): Does my right hon. Friend agree that, as we all share an ambition to put the employee’s voice on the board, the best way to do that is to encourage employee share ownership?
Vince Cable: It is indeed. Employee ownership is an expanding movement, and a popular one. It allows employees to become involved in the companies in which they have a share, and we wish to see it encouraged. We also wish to see workers properly consulted; there are powers to achieve that under existing legislation, but they are not being sufficiently used.
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George Freeman (Mid Norfolk) (Con): Does my right hon. Friend agree that, as we all share an ambition to put the employee’s voice on the board, the best way to do that is to encourage employee share ownership?
Vince Cable: It is indeed. Employee ownership is an expanding movement, and a popular one. It allows employees to become involved in the companies in which they have a share, and we wish to see it encouraged. We also wish to see workers properly consulted; there are powers to achieve that under existing legislation, but they are not being sufficiently used.
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