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The Shareholder Executive was set up in September 2003
to work with shareholder departments in Government to improve fundamentally the
Government’s capabilities and performance as a shareholder.
The Shareholder Executive’s current remit covers 28 businesses (from organisations
as large as the Royal Mail to smaller businesses like the UK Hydrographic Office)
and spans 12 government departments. We are also responsible for project managing
the Asset Management & Sales strand of the Government’s Operational Efficiency Programme,
working jointly with HMT. This currently covers over 20 assets across Government,
8 of which are already part of the Shareholder Executive’s remit. We are also in
the process of establishing a Property Unit which will provide a central source
of property advice across the public sector identifying surplus assets ands acting
as a source of expertise and support on complex land and property transactions.
Our role is to be a proactive, intelligent shareholder, working with government
departments and management teams to help government-owned businesses perform better.
We advise Ministers and officials on a wide range of shareholder issues including
objectives, governance, strategy, performance monitoring, board appointments and
remuneration. Our goal is to create a climate of ownership that, while challenging,
is genuinely supportive, and provides the framework for its businesses to be successful.
We also have a wider role as a corporate finance resource within Government. This
is applied beyond the portfolio of government-owned businesses. This includes the
appraisal and negotiation of financial assistance to companies in the UK and provision
of financial, analytical and negotiation support to Ministers and Departments in
their dealings with companies. For example we provide corporate finance advice on
major initiatives to a range of departmental clients across government in the following
areas: Financial interventions; Launch Investment; Rescue and Restructuring Aid;
Grant for Business Investment; and Commercial advice on key third party relationships.
- 23 Dec 2009 - Policy options for geographic information
from Ordnance Survey
- 10 Dec 2009 - New Head of Property appointed
- 07 Dec 2009 - Prime Minister announces radical plan to
protect frontline services by streamlining government
- 02 Dec 2009 - Post Office Banking consultation launched
- 01 Nov 2009 - UK Atomic Energy Authority completes sale
of its commercial business, UKAEA Limited
- 18 Sep 2009 - 2008-09 Annual Report Published
- 18 Sep 2009 - UK Atomic Energy Authority Announces sale
of its commercial business, UKAEA Limited
- 29 April 2009 - Winning bidders for NDA land auction announced
- 23 April 2009 - Ordnance Survey: new business strategy
Government Shareholder Skills
Click here to access the new Government Shareholder Skills elearning programme
