Memorandum
and Articles of Association
The articles of association of the Post Office company give the Secretary of State for Trade and Industry, as special shareholder, certain rights - in particular the right to be consulted on, and to:
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approve the appointment and removal of any director of the company, and directors' remuneration and terms & conditions of employment;
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approve the company's strategic plan (including the parameters for setting staff pay);
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approve disposal of significant assets of the company;
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approve borrowing by the company in excess of certain thresholds - essentially over £75 million in any year.
The strategic plan of the company is a commercially sensitive document and will not be published, but the Government will announce each year when it has approved the plan and set the profit target for the year.