Shareholder Executive
| Agency overview | |
|---|---|
| Formed | May 2003 |
| Dissolved | 1 April 2016 |
| Superseding agency | |
| Employees | 130 |
| Minister responsible | |
| Deputy Minister responsible |
|
| Agency executives |
|
| Parent department | Department for Business, Innovation and Skills |
| Website | https://www.gov.uk/government/organisations/the-shareholder-executive |
The Shareholder Executive (ShEx) was a body within the UK Government responsible for managing the government's financial interest in a range of state-owned businesses for commercial rather than political interests. It was part of the Department for Business, Innovation and Skills and staffed by civil servants, many of whom were corporate finance professionals with private sector experience. It was led by Mark Russell as Chief Executive at the time of its closure.
The Shareholder Executive managed a portfolio of businesses with a combined turnover of around £12 billion. The businesses varied and could 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 advised the government on drafting parts of the Postal Services Act 2011 and worked on the privatisation of Royal Mail and the possible mutualisation of Post Office Ltd. It was also involved in establishing the UK Green Investment Bank, the Public Data Group and the British Business Bank.
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