Sunday, 12 October 2008

The return of the government director?

As the UK Government prepares to take majority shareholdings in two banks, the question arises, will we see a return of the Government director? When the Government had a substantial shareholding in BP, there were two government directors who came from the Treasury. However, the convention was that they never contributed to meetings.

One suspects that this time round the government director will not be a civil servant and will not remain silent.

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