Member

I am asking the Government to ensure that the dividends cannot be paid without a disclosure of the distributable reserves by these companies. These dividends need to be approved not just by the regulator but by other stakeholders. We need to have customers sitting on these companies’ boards, and they must vote on this. We need to have employees sitting on these companies’ boards, and they must also approve these things. At the moment the authority does absolutely nothing. If the Government are really interested in improving the financial resilience of companies, I hope they will accept this amendment towards that purpose.