§ Mr. HoyleTo ask the Secretary of State for Culture, Media and Sport if he will make a statement on bonus payments to the Chief Executive and the senior team of the New Millennium Experience Company. [105037]
§ Janet Anderson[holding answer 17 January 2000]: The remuneration policy for the executive directors of NMEC's Board, including the Chief Executive and the Managing Director, are set out in the company's published Annual Reports and Accounts, as are their actual remuneration details for the year to which each set of Accounts refers. Performance bonuses are payable at the end of the individual's contract. No entitlement to the payment of the bonus accrues during the course of the contract. The quantum of any such bonus paid are matters for the Board of NMEC. The Board will take account of all aspects of the performance of the individuals concerned.
§ Mr. HoyleTo ask the Secretary of State for Culture, Media and Sport if he will make a statement on the future of the Chief Executive of the New Millennium Experience Company. [105038]
§ Janet Anderson[holding answer 17 January 2000]: Once the Chief Executive of NMEC has completed her contract with that company her future is entirely a matter for her. Since taking up her post at NMEC in January 1997 she has, with her team, delivered some remarkable achievements on a particularly complex and unique project.