HC Deb 17 March 1994 vol 239 c795W
Mr. Cousins

To ask the President of the Board of Trade during what periods since 1990 there has been a Government appointed director on British Aerospace's main board; who were the nominees; and if they receive payment for their services.

Mr. Sainsbury

There has been a Government-appointed director throughout the period since 1990. The appointee is Mr. Keith Brown. He is a director of the company and has, therefore, received no payment from Government for his services.

Mr. Cousins

To ask the President of the Board of Trade what golden share provisions have continued to exist with British Aerospace since 1992; when the terms on which such shares were varied; and what golden shares provisions could apply to British Aerospace subsidiaries, after their disposal by that company.

Mr. Sainsbury

The Government have held a special share in British Aerospace public limited company throughout the period since 1992. The rights attaching to the special share are set out in the company's articles of association. There has been no amendment to the articles to which these rights relate in this period. The Government do not hold a special share in any of British Aerospace's subsidiary companies, so no special share provisions apply to such companies.