Lord Bradshaw
Main Page: Lord Bradshaw (Liberal Democrat - Life peer)
Lord Bradshaw
To ask Her Majesty’s Government what proposals they have for the future of Network Rail.
Earl Attlee
My Lords, the Government are committed to making changes to Network Rail’s corporate governance to ensure that the company is properly accountable to its customers. The Government are in the process of considering potential forms that that change might take, and no decisions have yet been made.
Lord Bradshaw
I thank my noble friend for that Answer. In view of the fact that the Office of Rail Regulation has written to the remuneration committee of Network Rail about its indifferent performance during the past year, does he agree that it would be inappropriate for the directors of that company to take bonuses for that performance?
Earl Attlee
My Lords, the Government do not have the power to veto the award of bonuses, but we hope to make it clear to Network Rail’s board that excessive payments are not acceptable in the wider economic climate.