Recommendation 27

The previous Committee questioned whether UK Government Investments (UKGI) ‘is playing any useful role’ – and whether its function could instead be discharged by the Department.78 The Department told us that UKGI did help it hold the NDA to account, and that its teams had particular expertise in corporate governance, while the NDA told us that it was “a helpful adjunct to how we operate”. However, the specific examples the NDA gave (around appointment of non–executive directors and attendance at the NDA Board) were far from convincing.79