My Bottom Line: Neil Gaydon, chief executive, Pace

Neil Gaydon is chief executive of set-top box maker Pace.

He believes you must give your staff true ownership of their decisions, rather than make them routinely refer to their managers.

Neil appeared on The Bottom Line which is broadcast on BBC Radio 4 and BBC World Service. Subscribe to the podcast or watch it on the BBC News Channel.

Find more business wisdom from other chief executives on the My Bottom Line website.

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