Difference between revisions of "Shareholder Executive"
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"The Shareholder Executive was created in September 2003 to improve the government's performance as a shareholder in businesses. We currently have a portfolio of 29 businesses in which the Government has a shareholding. Our role is to work with government departments and management teams to help these businesses perform better. We want to create a climate of ownership that, while challenging, is genuinely supportive and provides the framework for them to succeed. We advise Ministers and officials on a wide range of shareholder issues including objectives, governance, strategy, performance monitoring, board appointments and remuneration. We also have a wider role as a corporate finance resource within government. This is applied beyond the portfolio of government-owned businesses, for example to applications for support under regional and industrial assistance programmes" <ref> Shareholder Executive [http://www.shareholderexecutive.gov.uk/index.asp Home Page], Accessed 5 December 2008 </ref>. | "The Shareholder Executive was created in September 2003 to improve the government's performance as a shareholder in businesses. We currently have a portfolio of 29 businesses in which the Government has a shareholding. Our role is to work with government departments and management teams to help these businesses perform better. We want to create a climate of ownership that, while challenging, is genuinely supportive and provides the framework for them to succeed. We advise Ministers and officials on a wide range of shareholder issues including objectives, governance, strategy, performance monitoring, board appointments and remuneration. We also have a wider role as a corporate finance resource within government. This is applied beyond the portfolio of government-owned businesses, for example to applications for support under regional and industrial assistance programmes" <ref> Shareholder Executive [http://www.shareholderexecutive.gov.uk/index.asp Home Page], Accessed 5 December 2008 </ref>. | ||
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The Shareholder Executive currently manages a portfolio of 29 businesses, with a combined turnover of around £24 billion, equivalent to equivalent to around 1.8% of GDP. It either advises Ministers directly (Executive) or advises shareholder teams in the respective Departments (Advisory). | The Shareholder Executive currently manages a portfolio of 29 businesses, with a combined turnover of around £24 billion, equivalent to equivalent to around 1.8% of GDP. It either advises Ministers directly (Executive) or advises shareholder teams in the respective Departments (Advisory). | ||
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[[Urenco]] | [[Urenco]] | ||
Shareholder Executive contact: Richard Nourse | Shareholder Executive contact: Richard Nourse | ||
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| − | + | '''HM Treasury''' | |
[[Northern Rock]] | [[Northern Rock]] | ||
Revision as of 15:33, 5 December 2008
Contents
Introduction
They state how,
"The Shareholder Executive was created in September 2003 to improve the government's performance as a shareholder in businesses. We currently have a portfolio of 29 businesses in which the Government has a shareholding. Our role is to work with government departments and management teams to help these businesses perform better. We want to create a climate of ownership that, while challenging, is genuinely supportive and provides the framework for them to succeed. We advise Ministers and officials on a wide range of shareholder issues including objectives, governance, strategy, performance monitoring, board appointments and remuneration. We also have a wider role as a corporate finance resource within government. This is applied beyond the portfolio of government-owned businesses, for example to applications for support under regional and industrial assistance programmes" [1].
Member Organisations
The Shareholder Executive currently manages a portfolio of 29 businesses, with a combined turnover of around £24 billion, equivalent to equivalent to around 1.8% of GDP. It either advises Ministers directly (Executive) or advises shareholder teams in the respective Departments (Advisory).
Department for Business, Enterprise & Regulatory Reform
British Energy plc Shareholder Executive contact: Richard Nourse HMG has certain financial interests in British Energy plc but no shares
BNFL plc Shareholder Executive contact: Richard Nourse
Export Credits Guarantee Department (ECGD)
Shareholder Executive contact: Jo Crellin
Nuclear Decommissioning Authority Shareholder Executive contact: Jo Crellin
Royal Mail Group plc Shareholder Executive contact: Susannah Storey
United Kingdom Atomic Energy Authority (UKAEA) Shareholder Executive contact: Gerard Conway
Urenco Shareholder Executive contact: Richard Nourse
HM Treasury
Northern Rock Shareholder Executive contact: Charlie Villar
Partnerships UK Shareholder Executive contact: Stephen Lovegrove
Royal Mint Shareholder Executive contact: Charlie Villar
Ministry of Defence
ABRO Shareholder Executive contact: Peter Shortt On 1 April 2008, ABRO and DARA merged to form The Defence Support Group (DSG)
Defence Aviation Repair Agency (DARA) Shareholder Executive contact: Peter Shortt On 1 April 2008, ABRO and DARA merged to form The Defence Support Group (DSG)
Defence Science and Technology Laboratory (Dstl) Shareholder Executive contact: Peter Shortt
Met Office Shareholder Executive contact: Peter Shortt
UK Hydrographic Office Shareholder Executive contact: Peter Shortt
Home Office Forensic Science Service Shareholder Executive contact: Susannah Storey
Department for Transport
NATS Shareholder Executive contact: Jo Shanmugalingam
Department for International Development
Actis Capital LLP Shareholder Executive contact: Gerard Conway
CDC Group plc Shareholder Executive contact: Jo Crellin
Department for Work and Pensions
Working Links Limited Shareholder Executive contact: Jo Shanmugalingam
Department for the Environment, Food and Rural Affairs
British Waterways Authority Shareholder Executive contact: Peter Shortt
New Covent Garden Market Authority Shareholder Executive contact: Peter Shortt
Department for Culture, Media and Sport
Channel 4 Shareholder Executive contact: Stephen Lovegrove
The Tote Shareholder Executive contact: Susannah Storey
Department for Communities and Local Government
Ordnance Survey Shareholder Executive contact: Charlie Villar
QEII Conference Centre Shareholder Executive contact: Jo Shanmugalingam
Department for Regional Development (Northern Ireland)
Northern Ireland Water Shareholder Executive contact: Tim Martin
Scottish Government
Scottish Water Shareholder Executive contact: Tim Martin [2]
People
References
- ↑ Shareholder Executive Home Page, Accessed 5 December 2008
- ↑ Shareholder Executive Portfolio of Businesses Accessed 5 December 2008,
