Wednesday 12 January 2011

How much for Sir John Banham to chair the LEP?

I have asked Cornwall Council for further and better particulars about this statement, issued on 22nd December:
"Given the intensive nature of the work required, Johnson Matthey, the company that Sir John currently chairs, has been recompensed for the time that he has committed to addressing the areas such as low cost green energy for Cornwall, connectivity, creating vibrant rural communities and affordable housing. Sir John will not receive any remuneration himself, and as previously stated, the roles of chairman and board member of the LEP will not be subject to any remuneration other than normal expenses once the formal LEP is established and operating."
There was some confusion as a result of answers given at yesterday's full council meeting. Some councillors came away with the clear impression that the council is paying Sir John direct. Sir John tells me that he is not being paid at all. No doubt there might be a question of out-of-pocket expenses. But let's be clear - Sir John's experience and expertise is not cheap. A day in the ofice costs Johnson Matthey more than £1,100. Details of his £280,000/year, not counting pension, remuneration here.


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