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Proceeding contribution from Baroness Vadera (Labour) in the House of Lords on Tuesday, 24 March 2009. It occurred during Committee of the Whole House (HL) and Debate on bill on Postal Services Bill [HL].


Postal Services Bill [HL]

I was of course answering the question of the noble Lord, Lord De Mauley, about the partnership with the strategic partner. In that context, I was providing an answer about that partnership. My noble friend has already made his points about workers’ representation on the board. We have explained our position and I have said—clearly, I believe—that there is complete acknowledgement of the centrality of the workforce to Royal Mail, its transformation and its future. I say in the context of a previous intervention that it was not our intention to suggest that the employees were a special interest group; I was simply pointing out the requirements of a board director. Perhaps I may finish my answer to the noble Lord, Lord De Mauley, about the influence of, and the partnership arrangement with, a strategic partner. The point of having a strategic partner is to assist Royal Mail in the transformation of the business. Therefore, it would be a shared responsibility and partnership in operational matters. The shareholder agreement will also set out the structure of the group, which reflects our policy of partnership but with the Government retaining ultimate control. We expect that the majority of board appointments will be made by the Government, including the chairman, and that the partner would appoint a minority of non-executive directors. As my noble friend the Secretary of State has already said, no such agreement has yet been negotiated with a partner, but I hope that my answer gives noble Lords a sense of the direction of travel.


Secondary information

Type
Proceeding contribution
Reference
709 c614 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Conditions of employment Directors Bank services Industrial relations Finance Governing bodies Income Government assistance Government shareholding Private sector Public appointments Property transfer Public consultation Staff Post offices Postal services Ofcom Post Office Stocks and shares Royal Mail Reorganisation Postal Services Sector Review Employee ownership
Legislation
Postal Services Bill (HL) 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk