Post Office: Directors
(asked on 11th May 2021) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government whether any (1) legal, or (2) contractual, impediment exists that would stop them from exercising their rights as shareholder to replace the current Board of the Post Office.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 25th May 2021
The Articles of Association of Post Office Limited entitle my Rt. Hon. Friend the Secretary of State to remove either the Post Office Limited’s directors or the chair of the company by notice in writing, but he must act reasonably in doing so and give reasons for such a decision.