The Official Report is a written record of public meetings of the Parliament and committees.
All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 7196 contributions
Net Zero, Energy and Transport Committee
Meeting date: 31 October 2023
Edward Mountain
I am gently pushing you to see whether you are going to codify the principles and standards of practice, because, as an investor of money from the people of Scotland, you surely do not want to be involved in something that does not epitomise everything that you want to do as a bank. Will there be a code? Will you lay those things out, or will someone else lay them out for you to follow?
Net Zero, Energy and Transport Committee
Meeting date: 31 October 2023
Edward Mountain
Have those targets been published yet?
Net Zero, Energy and Transport Committee
Meeting date: 31 October 2023
Edward Mountain
Okay. From the committee’s point of view, we would like to see those targets as soon as possible so that we can understand how they fit into the evidence that we have heard today.
Net Zero, Energy and Transport Committee
Meeting date: 31 October 2023
Edward Mountain
His basic salary was £245,000.
Net Zero, Energy and Transport Committee
Meeting date: 31 October 2023
Edward Mountain
The pension benefits are on top of that. Those could be another bit, so it could be up to £450,000.
Net Zero, Energy and Transport Committee
Meeting date: 31 October 2023
Edward Mountain
You must know what it is.
Net Zero, Energy and Transport Committee
Meeting date: 31 October 2023
Edward Mountain
How much?
Net Zero, Energy and Transport Committee
Meeting date: 31 October 2023
Edward Mountain
Susan, there is a wonderful phrase in the annual report and accounts, which for simple people such as me seems to be gobbledygook. It is “annual out-performance incentive plan”. For most people, that is a bonus. What bonus do you expect Alex to be on if Douglas was paid £80,000 in bonus last year?
Net Zero, Energy and Transport Committee
Meeting date: 31 October 2023
Edward Mountain
I understand that, but I am just saying that it is not even a 5 per cent return; it is about a 2 per cent return on the money that is out there. Anyway, thank you for that. I understand that.
As there are no other questions, I thank the witnesses for attending this morning.
The committee’s stage 1 report on the Circular Economy (Scotland) Bill will be published in early 2024. I am not going to put an exact date on it.
That concludes the public part of our meeting and we will now go into private session.
12:04 Meeting continued in private until 12:36.Net Zero, Energy and Transport Committee
Meeting date: 31 October 2023
Edward Mountain
I turn to the next questions. Douglas, have you finished all your questions?