1 there should be an ongoing six-monthly review exercise, carried out across government, to identify new assets to be examined by the Shareholder Executive, together with relevant departmental and organisational stakeholders. These reviews would be tied in to Pre-Budget Report and Budget announcements every year, together with an update on progress made on the existing portfolio of assets; and
2 assets examined by the Programme should continue to be reviewed by individual project teams coordinated by the Shareholder Executive with the full support of HM Treasury, the responsible department or public sector entity, and the relevant management. These teams should:
• consider whether the most efficient use is being made of the assets from the point of view of business model, capital structure, organisational and customer requirements, including whether the current position within the public sector is appropriate;
• bring forward for decision-making the findings of these studies;
• once decisions are made, oversee the implementation stage to ensure that plans are properly converted to appropriate action;
• where and when appropriate, lead disposal and/or partial disposal activity with departments; and
• report progress publicly, to be tied in to Pre-Budget and Budget processes.