§ Mr. SteenTo ask the Chancellor of the Exchequer if he will list each regulatory body for which he is responsible indicating for each the percentage of business people on the board. [15743]
§ Mrs. Angela Knight[holding answer 20 February 1996]: The percentage of business people on the board of each regulatory body is as follows:
Regulatory bodies have been defined for this purpose as those which either make, or apply, regulations. Business people have been taken to include all those working, or having previously worked, in the private sector, including those holding directorships, excluding non-executive directorships. The numbers of business people on the boards of the VAT and duties tribunals is not known, and the information could be collected only at disproportionate cost.
- Public Works Loan Board—58 per cent.
- Securities and Investment Board—66 per cent.
- VAT and duties tribunals—not known.