Shex / Shareholder Executive definition

Created in September 2003 to improve the Government’s performance as a shareholder in businesses. Shex currently has a portfolio of 26 businesses in which the Government has a shareholding. Their role is to work with Government departments and management teams to help these businesses perform better. Shex want to create a climate of ownership that, while challenging, is genuinely supportive and provides the framework for them to succeed. Shex advise ministers and officials on a wide range of shareholder issues including objectives, governance, strategy, performance monitoring, board appointments and remuneration. Companies within Shex include UKAEA, the National Nuclear Laboratory and Urenco (amongst other non-nuclear assets).