- Shareholder Executive
The Shareholder Executive is the body within the British Government responsible for managing the government's financial interest in a range of public companies. Originally established within the Cabinet Office, it has since 2004 been part of the Department for Business (and its predecessor the
Department of Trade and Industry ). It is staffed by civil servants, many of whom are corporate finance professionals with private sector experience.The Shareholder Executive currently manages a portfolio of 27 businesses, with a combined turnover of around £20 billion. It either advises Ministers directly (‘Directly managed’) or advises shareholder teams in shareholding Departments (‘Advisory’).
The
National Audit Office (United Kingdom) in 2007 published a [http://www.nao.org.uk/publications/nao_reports/06-07/0607255.pdf report] into the Shareholder Executive. This was broadly positive but had some misgivings about the location of the Executive in the Department for Trade and Industry.Remitted companies
Directly managed
*British Energy plc
*BNFL plc
*Export Credit Guarantee Department
*Royal Mail Group plc
*United Kingdom Atomic Energy AuthorityIn partnership with
HM Treasury * [http://www.partnershipsuk.org.uk/ Partnerships UK]
*Royal Mint In partnership with the
Department for Transport *National Air Traffic Services Limited
In partnership with the
Department for International Development * [http://www.act.is/ Actis Capital LLC]
Advisory
In partnership with the
Home Office *
Forensic Science Service In partnership with the
Department for the Environment, Food and Rural Affairs *British Waterways Authority
* [http://www.cgma.gov.uk/ New Covent Garden Market Authority]In partnership with the
Department for International Development * [http://www.cdcgroup.com/ CDC Group plc]
= In partnership with the Ministry of Defence =*QinetiQ plc
* [http://www.daranet.co.uk/ Defence Aviation Repair Agency]
*ABRO
*Met Office
* [http://www.hydro.gov.uk/ Hydrographic Office]
*Defence Science and Technology LaboratoryIn partnership with the
Department for Culture, Media and Sport *
Channel 4
*The Tote In partnership with the
Department for Work and Pensions * [http://www.workinglinks.co.uk/ Working Links Limited]
In partnership with the
Department for Communities and Local Government * [http://www.fireservicecollege.ac.uk/ Fire Service College]
*Ordnance Survey
*Queen Elizabeth II Conference Centre External links
* [http://www.shareholderexecutive.gov.uk/ Shareholder Executive]
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