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Answer
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1BHOqFrj
answer has answering person
Michael Fallon
answer text
<p>Full details of the remuneration packages for Green Investment Bank (GIB) Board members and the company's senior management team, including details of pensions, long term incentive plans (LTIP) and other benefits, are set out in the company's annual report. This was published in June 2013 and can be found on the company's website at:</p><p>http://www.greeninvestmentbank.com/who-we-are/governance/annual-report.html</p><p>The relevant data are provided in the report of the Remuneration Committee which also includes an explanation of the principles and policies that underpin the company's approach to remuneration. These recognise the company's unique position as a publicly owned enterprise charged with investing Government money. The report explains that GIB's Board obtained advice from Pricewaterhouse Coopers on development of the company's LTIP scheme and advice from specialist recruitment consultants Odgers Berndtson on levels of remuneration, including advice on the position at comparable businesses. The report also notes that the senior management team are not eligible for awards under the Annual Incentive Plan. Updated salary information is published on GIB's website every six months. Under the company's Articles of Association, all decisions relating to the remuneration of the directors, including that of the chief executive officer, require the prior consent of the Secretary of State for Business, Innovation and Skills, the right hon. Member for Twickenham (Vince Cable) as shareholder.</p>
answer given date
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Department for Business, Innovation and Skills
written answer has answering body
Department for Business, Innovation and Skills
Department for Business, Innovation and Skills
answering body has written answer
Z7fOPOld
answering body has answer
Z7fOPOld
1BHOqFrj
question has answer
Z7fOPOld
Michael Fallon
answering person has answer
Z7fOPOld