Network Rail
The question
To ask the Secretary of State for Transport, what assessment she has made of the effectiveness of Network Rail's (a) board and (b) wider governance arrangements.
Answered by Simon Lightwood
a) In line with corporate governance best practice Network Rail (NR) appoints an independent company to undertake regular reviews of the effectiveness of the Board. A review is currently in progress. The Secretary of State and Rail Minister will meet regularly with the Acting Chair and Chief Executive Officer of Network Rail to discuss the performance of the company.
b) DfT and Network Rail have a Framework Agreement in place setting out how the Department and Network Rail interact in terms of corporate governance and financial management. DfT and Network Rail will be reviewing the Framework Agreement to ensure that the governance arrangements will be fit for purpose as the rail industry is reformed.
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