HC Deb 17 September 2004 vol 424 c1862W
Gregory Barker

To ask the Minister for the Cabinet Office if she will make a statement on her Department's authority over the Government's public shareholder interests. [189074]

Ms Hewitt

I have been asked to reply.

While my Department has no direct authority over all of the Government's public shareholder interests, the Shareholder Executive, now located in the DTI, was set up last year as a small cross-cutting team with the remit to improve fundamentally the professionalism of Departments in exercising their shareholder roles. Its Chief Executive reports directly to the Cabinet Secretary in relation to this role. The Shareholder Executive discharges its responsibility by providing advice to a range of Departments on their shareholdings and by being directly responsible for a number of other shareholdings. Specifically, it reports to me on the DTI's shareholder role in relation to Royal Mail, BNFL, UKAEA and ECGD, to the Chief Secretary to the Treasury in respect of Partnerships-UK and Royal Mint (once the current review of the Mint is completed) and to the Secretary of State for International Development on Actis.

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