The Board of Directors of the Company
Our Shareholder Framework Document requires that no more than one-third of the Board may consist of members of the British Business Bank Board.
It also provides that the consents of both the British Business Bank and Department for Business, Energy, and Industrial Strategy (BEIS) are required prior to the appointment of any new directors to the Board where the appointee is external.
The CEO of the British Business Bank, as Accounting Officer, has direct accountability to British Business Investments ultimate shareholder, BEIS, and sits on the Board of British Business Investments Ltd. Responsibilities of an Accounting Officer include responsibility for the propriety and regularity of the public finances for which the Accounting Officer is answerable, keeping proper records and safeguarding British Business Bank Investments assets.