§ Mr. Austin MitchellTo ask the President of the Board of Trade what is the current aggregate remuneration, including share options and incentive payments, of the chairman of each water and electricity authority; and what they received in the year before privatisation.
§ Mr. Charles WardleQuestions on the water industry should be directed to my right hon. Friend the Secretary of State for the Environment. The remuneration of the privatised electricity supply industry is a matter for the companies concerned. Information on the remuneration of the chairman of Nuclear Electric, which is wholly owned by the Government, is set out below.
1989–90 £ 1993–94 £ Remuneration 13,651 2252,000 1 Chairman appointed 19 March 1990. Figure excludes pension contributions, and taken from Annual Report for 1990–91 2 Includes salary, bonus, other benefits and pension contributions. Taken from annual report for 1993–94
§ Mr. Austin MitchellTo ask the President of the Board of Trade if he will list for each electricity authority(a) the number of executive and non-executive directors in the year before privatisation together with their aggregate remuneration and (b) the current number and their aggregate remuneration including share options and other incentive payments.
§ Mr. Charles WardleThe remuneration of the privatised electricity supply industry is a matter for the companies concerned. Information on the remuneration of the directors of the successor electricity companies in England and Wales in 1989–90 is set out below. This information was taken from the main prospectuses, except where indicated.
§ Mr. Austin MitchellTo ask the President of the Board of Trade if he will list for each electricity authority(a) the number of executive and non-executive directors in the year before privatisation together with their aggregate remuneration and (b) the current number and their aggregate remuneration including share options and other incentive payments.
§ Mr. Charles WardleThe remuneration of the privatised electricity supply industry is a matter for the companies concerned. Information on the remuneration of 849W the directors of the successor electricity companies in England and Wales in 1989–90 is set out below. This
Number of Executive Directors Number of none Executive Directors Remuneration 1989–90 4 2 1£11,000 1993–94 6 6 2£1,136,000 1 Directors appointed on 19 March 1990. 2 Including salaries, bonuses, other benefits and pension contributions.
company Number of executive directors Number of none executive directors Aggregate remuneration in 1989–90 £ Eastern Electricity 6 5 415,000 East Midlands Electricity 6 4 425,172 London Electricity 5 4 384,712 MANWEB 6 5 464,002 Midlands Electricity 6 4 363,445 Northern Electricity 4 3 249,557 NORWEB 6 4 396,000 Seeboard 7 5 482,000 Southern Electricity 6 4 478,472 South Wales Electricity 6 5 434,233 South Western Electricity 8 4 524,605 Yorkshire Electricity 5 4 372,193 National Grid Company 6 4 1415,000 National Power 8 5 247,931 PowerGen 6 5 239,864 1 Figures taken from 1989–90 annual report. 2 No National Power or PowerGen Director was appointed prior to 8 March 1990. Note:
Information on the remuneration of the directors of Nuclear Electric, which is wholly-owned by the Government, is set out below. This information is taken from the 1989–90 and 1993–94 annual reports.