The Shareholder Executive is a body within the UK Government responsible for managing the government's financial interest in a range of state-owned businesses. It is part of the Department for Business, Innovation and Skills and is staffed by civil servants, many of whom are corporate finance professionals with private sector experience. Since February 2013, its Acting Chief Executive has been Mark Russell.
The Shareholder Executive currently manages a portfolio of businesses with a combined turnover of around £12 billion. The businesses are varied and can be in the form of a limited company, public limited company, limited liability partnership, statutory corporation, trading fund, executive agency, non-departmental public body or non-ministerial government department.
It has advised the government on drafting parts of the Postal Services Act 2011 and is leading on the privatisation of Royal Mail and the possible mutualisation of Post Office Ltd. It is also involved in establishing the UK Green Investment Bank, as well as the Public Data Group.
It is not responsible for the government's shares in UK banks, which are managed by UK Financial Investments (UKFI), or the government's property holdings, which are managed by the Government Property Unit (GPU).
Read more about Shareholder Executive: History, Portfolio Unit, Corporate Finance Practice, Former Businesses, See Also
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