§ Mr. TippingTo ask the President of the Board of Trade if he will list the declarations of interests of directors of the British Coal Corporation notified to him since 1983.
§ Mr. TippingTo ask the President of the Board of Trade what guidelines are laid down when appointing directors of the British Coal Corporation about the declaration of pecuniary interests; how long they have been in existence; and what plans there are to revise them.
§ Mr. Eggar[holding answer 22 July 1993]: The appointments of British Coal Corporation members are subject to the provisions of the Coal Industry Nationalisation (National Coal Board) Regulations 1946.
Regulation 3 in essence requires members:
- a) to disclose to my right hon. Friend full particulars of any interest or securities held or acquired in any undertaking carrying on a business similar to that at any time carried on by the Corporation; and
- b) to disclose at a meeting of the Members of the Corporation any direct or indirect interest in a contract made or proposed by the Corporation.
I have no present plans to revise those regulations.