Shareholder executive
From Wikipedia, the free encyclopedia
The Shareholder Executive is the body within the British Government responsible for managing the government's financial interest in a range of public companies. Originally established within the Cabinet Office, it now resides in the Department of Trade and Industry and is staffed by a mixture of civil servants and corporate finance professionals with private sector experience.
The Shareholder Executive currently manages a portfolio of 27 businesses, with a combined turnover of around £20 billion. It either advises Ministers directly (‘Directly managed’) or advises shareholder teams in shareholding Departments (‘Advisory’).
The National Audit Office (United Kingdom) in 2007 published a reportinto the Shareholder Executive. This was broadly positive but had some misgivings about the location of the Executive in the Department for Trade and Industry.
[edit] Remitted companies
[edit] Directly managed
[edit] In partnership with the Department of Trade and Industry
- British Energy plc
- BNFL plc
- Export Credit Guarantee Department
- Royal Mail Group plc
- United Kingdom Atomic Energy Authority
[edit] In partnership with HM Treasury
[edit] In partnership with the Department for Transport
[edit] In partnership with the Department for International Development
[edit] Advisory
[edit] In partnership with the Home Office
[edit] In partnership with the Department for the Environment, Food and Rural Affairs
[edit] In partnership with the Department for International Development
[edit] In partnership with the Ministry of Defence
- QinetiQ plc
- Defence Aviation Repair Agency
- ABRO
- Met Office
- Hydrographic Office
- Defence Science and Technology Laboratory
