CONDUCT OF LORD WALKER

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

This is an amendment to an existing motion

This motion was originally tabled by Dr Mo Mowlam on 02 July 1992. This is amendment number 1.

View details of the original motion

Suggested amendment

at end add 'and calls upon this ex-Tory Minister and Privy Councillor to hand over the money to the Mirror pensioners.'.

Original motion text

That this House notes that Peter Walker was approached by Kevin Maxwell to be the Chairman of MCC in March 1991, a deal which gave him ú100,000 a year for a non-executive position, a Mercedes 500 SEL, and share options worth ú1.3 million over three years; notes his acceptance of the post was announced in April when he become a director of MCC and notes that after the results in June he became concerned about the finances of the company and commissioned two reports, one by Smith New Court and another by a firm of management consultants; further notes on the basis of these reports that Peter Walker announced he would not become chairman on 16th July 1991 and stepped down as a non-executive director at the group's AGM in September when he received the car, a ú100,00 pay off and 201,000 shares which he sold immediately at around 170p a share; recognises that these decisions may have been based on Peter Walker's evaluation that the future viability of the company was in doubt, rather than on any information he received from reports commissioned on the basis of information he gained as a board member; and calls upon Peter Walker to make clear that any doubts or worries he had about MCC were passed on to the relevant regulatory bodies.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.