§ Mr. ByersTo ask the Secretary of State for Education what was the initial terms of appointment of the chief executive of the Student Loans Company; when he was first appointed; and what proposals there are to extend or renew his contract.
§ Mr. BoswellThe chief executive was appointed to the company on 10 January 1990, on a fixed-term contract of five years' duration. That contract was extended in December 1993 for a further three years and will now expire on 9 January 1998.
§ Mr. ByersTo ask the Secretary of State for Education what investigations are presently being held into the financial affairs of the Student Loans Company; and if he will make a statement.
§ Mr. Bryan DaviesTo ask the Secretary of State for Education what inquiries are currently being conducted or planned into the financial and other affairs of the Student Loans Company Ltd.; and what specific matters are under investigation and by what agency.
§ Mr. BoswellSome uncorroborated allegations have recently been made about certain executives at the Student Loans Company. These are being investigated by a team from Coopers and Lybrand which will report to my right hon. Friend and to the board of the company. It would not be appropriate to comment on the nature of allegations which have not been proven and are under investigation.