Written question asked by Lord Barker of Battle (Conservative) on Monday, 6 December 2004, in the House of Commons. It was due for an answer on Tuesday, 21 December 2004. It was answered by Patricia Hewitt (Labour) on Tuesday, 21 December 2004 on behalf of the Department of Trade and Industry.

Dept of Trade and Industry

Question: To ask the Secretary of State for Trade and Industry, what the Shareholder Executive's day-to-day management responsibilities are for the public shareholdings for which it is directly responsible; and whether these responsibilities involve authority over (a) operations, (b) budget approval and (c) appointments.

Answer: Gregory Barker: To ask the Secretary of State for Trade and Industry what the Shareholder Executive's day-to-day management responsibilities are for the public shareholdings for which it is directly responsible; and whether these responsibilities involve authority over (a) operations, (b) budget approval and (c) appointments. [203603] Ms Hewitt: The Shareholder Executive has the management responsibility for monitoring and advising in a shareholding capacity those businesses for which it is directly responsible; these responsibilities include consideration and advice to Ministers on budgets and appointments to boards but it is for the management of those businesses to be responsible and accountable for their operations.

Secondary information