PRIVATISATION â WHAT'S NEXT 13 May 2013 - CASE

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13 May 2013, WarsawPRIVATISATION – WHAT’S NEXTWHAT MOTIVATES GOVERNMENTS TO PRIVATISE?Declan BurkeExecutive Director, Shareholder Executive, United KingdomDeclan joined the Shareholder Execuve in 2008 from Deutsche Bank where he had workedfor eight years in the Mergers and Acquisions team. During his me at the ShareholderExecuve he has worked with a number of porolio companies in the Transport, Gaming andPostal sectors. He worked on the sale of the Tote (a UK Government owned gaming business)to Bered and led the project for the UK Government to assume responsibility for the c£10bnRoyal Mail pension deficit. The project involved the creaon of a large new public sectorpension scheme and also the realisaon of a significant quantum of related financial assets.Declan is currently working on the introducon of private sector capital to Royal Mail.The Shareholder Execuve (ShEx) manages the government’s shareholder relaonships withbusinesses owned or part-owned by the government. It also offers a wide range of corporatefinance experse and advice to government departments in order to ensure the taxpayer getsgood value for money and plays a key role in delivering the Government’s cyber security anddigital strategies.The Shareholder Execuve is responsible for looking aer a group of 20 state-owned businesses(from organisaons as large as the Royal Mail to smaller businesses like the UK HydrographicOffice), advising on the sale of Government assets, offering corporate finance experse acrossgovernment , supporng the digital sector in the UK, forming strategy within Department ofBusiness Innovaon & Skills (BIS) on cyber security, telecoms and resilience leading the moveto digital by default informaon and services across BIS and its partner organisaons, workingwith other departments to ensure the release of the electromagnec spectrum held by thepublic sector.80What motivates Governments to privatise?
13 May 2013, WarsawPRIVATISATION – WHAT’S NEXTWhat motivates Governments to privatise?Declan BurkeExecutive DirectorShareholder ExecutiveMay 2013Background to the Shareholder ExecutiveSpecialistcorporatefinance ‘sharedservice’ acrossWhitehallA uniquecombination ofprivate sectorspecialists andcivil servantsShEx’s role in Government• Ensuring that Government is an effective and intelligent shareholder in stateowned businesses• Managing Government’s interventions to secure best value for money for thetaxpayer• Manage privatisation activity eg the sale of the tote, upcoming sale of Royal MailA brief history of ShEx• Established in the Cabinet Office in September 2003• Quasi-autonomous directorate within Dept for Business, with significantinvolvement with HMT, Cabinet Office and other Government departments• Current remit covers a portfolio of over 20 businesses spanning a number ofdepartments across Whitehall• Major provider of specialist corporate finance advice across Government andleader of corporate finance profession281What motivates Governments to privatise?
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PANEL 1Panel: 1The state as astakeh
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Strengthening International Coopera
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