Shareholder Executive

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" .

Participating 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