Report into the shareholder governance arrangements between POL and its Sponsor Department

Dear Post Office Limited,

A document known as the Wilmington Report is referred to in the NATIONAL AUDIT OFFICE report of February 2005 ‘Department of Trade and Industry Financial Support of Post Offices’ (Ordered by the House of Commons).

https://www.nao.org.uk/wp-content/upload...

The remit of the report which was commissioned by the NAO from Wilmington Capital Ltd, is described as:

‘ to examine whether the Department’s financial monitoring of Post Office Limited is appropriate. Using the private sector as a benchmark, they analysed the shareholding relationship between the Department
and Post Office Limited and considered whether the monitoring and corporate governance relationships meet the parties’ objectives’ (p14).

i) Please can you advise if a copy of this report is in the possession of the Post Office and if so, please can you release it?

ii) Please can you indicate what, if any actions were implemented as a result of its findings regarding the shareholder relationship between POL and its sponsor department (known at that time as the Department of Trade and Industry)?

Yours faithfully,

Eleanor Shaikh