The Senior Lecturer eyes up an opportunity:
And there is another ‘but’. This relates to capture. How is it to be ensured that those new directors are not drawn from the same cadre of directors who currently run companies and who will as a result act in the same way as such directors always have, in the interests of a very limited range of interests and views? I see only one answer to this, and that is training. It is completely untrue that the skill to run a major company comes from a public school and legal and accounting training, or a conventional MBA. The skills in question are much more widely available, but that is not recognised, and it is also true that those with those wider skills are not provided with appropriate financial training, probably with the intention of providing a barrier to entry to the inner sanction of the board of directors.
For who will provide that appropriate financial training?
Surely there must be a paid job in the quangogracy for a man of such intellectual merits?