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Message
From: Rajeswaran, Siv - UKGI
Sent: 26/01/2021 09:48:38
To: Cooper, Tom - UKGI Lambert, Lucie -
UKGII
Subject: RE: [OFFICIAL SENSITIVE-PERSONAL] For Approval - POL CFO Exit Package
OFFICIAL — SENSITIVE PERSONAL
Unfortunately — we still have to get clearance from HMT TOA on the amounts above the strict contractual entitlement
(i.e. the STIP/LTIP and the 12 months Payment in Lieu of Pension/Other Benefits)!
I suppose there is a question for us on whether POL can start settlement discussions whilst TOA clearance on the
STIP/LTIP amounts is pending.
Best,
Siv
Siv Rajeswaran I Manager
UK Government Investments
1 Victoria Street, London, SW1H OET
www.ukgi.org.uk
Follow on inI
From: Cooper, Tom - UKGI
Sent: 26 January 2021 09:38
Subject: FW: [OFFICIAL SENSITIVE-PERSONAL] For Approval - POL CFO Exit Package
OFFICIAL — SENSITIVE PERSONAL
Order of the Post Office (1* class) is hereby awarded to Siv
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Tom Cooper
Director
UK Government Investments
1 Victoria Street I London I SW1H OET
From: Secretary Of State (Private Office) : _
+26 January 2021 09:37
ajeswaran, Siv - UKGIi
SpAds Office (Private Office):
Corera, Jane (Legal)
erships)
___. Brinkworth, Elliot - UKGI
Donald, Charles - UKGI
Marnell, Rachelle (Organisational Development and Partnerships)
“+; Banda, Tasila - UKGI
Creswell,
Manufacturing and Services)
Carl (Professional Business Services, Retail & Post Directorate
Subject: RE: [OFFICIAL SENSITIVE-PERSONAL] For Approval - POL CFO Exit Package
OFFICIAL — SENSITIVE PERSONAL
Hi Siv
The Secretary of State has now considered this submission and agrees with Minister Scully’s position, that we should
pursue option 2.
Izzy
oF Dr Isabel (Izzy) Webb
Senior Private Secretary to the Secretary of State for Business, Energy
Department for and
Business, Energy
& Industrial Strategy 1 Victoria Street, London SW1H OET
www.gov.uk/beis I https://twitter.com/beisgovuk
Does this email or any attachments need to be ‘on the record” or available to others for their day to day work? If so, it is
the responsibility of the policy team to save information into SharePoint, in line with Cabinet Office and Departmental
guidance
From: Rajeswaran, Siv - UKGI ¢_
: 25 January 2021 10:18
rinkworth, Elliot - UKGI
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I Finn, Yaacov - UKGI $ Donald, Charles - UKGI
; Marnell, Rachelle (Organisational Development and Partnerships)
Heath, Daniel (Financ Banda, Tasila - UKGI
Lambert, Lucie - UKGI ¢
Manufacturing and Services)
Carl (Professional Business Services, Retail & Post Directorate’
Subject: RE: [OFFICIAL SENSITIVE-PERSONAL] For Approval - POL CFO Exit Package
OFFICIAL — SENSITIVE PERSONAL
Hi Abdel,
Thanks very much for the update, and as with Jess, extremely grateful for having put this on Celia’s agenda as we are
aware she has a lot on her plate.
Izzy — as discussed last week, would be grateful if we can now arrange to put this in the SOS’s box for consideration and
clearance. Please let me know if you need anything else from our end.
Best,
Siv
Siv Rajeswaran I Manager
UK Government Investments
1 Victoria Street, London, SW1H OET
www.ukgi.org.uk
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From: SpAds Office (Private Office)
Sent: 25 January 2021 10:14
$ Scully, Minister (Private Office)
)
ecretary Of State (PI
Hastings, Matt (BEIS)
>; Lambert, Lucie - UKG!
; Finn, Yaacov - UKGI ¢
jarnell, Rachelle (Org:
}, Heath, Daniel (BEI
Lambert, Lucie - UKGI 4
Brinkworth, Elliot - UKGI
; Donald, Charles - UKGI
id Partnerships)
+ Banda, Tasila - UKGI
ini, Cecilia (Advanced
} Creswell,
UKGI POL Team :
Carl (Professional Business Services, Retail & Post Directora'
Subject: RE: [OFFICIAL SENSITIVE-PERSONAL] For Approval - POL CFO Exit Package
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OFFICIAL — SENSITIVE PERSONAL
Hi Siv,
Celia has reviewed and she recommends option 2. She noted that we can't exempt from the exit payment cap when we
have told POL staff being made redundant that they won't be exempt either.
Kind regards,
Abdel
a », Abdelwahid Benbouziyane
Assistant Private Secretary to the Special Advisers
Department for Pevarument for Business, Energy and Industrial Strategy
Business, Energy 1 Victoria Street, London, SW1H OET
& Industrial Strategy www.gov.uk/beis I
From: Rajeswaran, Siv - UKGI
: 25 January 2021 09:29
cully, Minister (Private Office)
SpAds Office (Private Office)
ffice) GRO
Hastings, Matt (BEIS); GRO 4 Corera,
Broomfield, Kerry (Organisati: ent and Partnerships)
i; Lambert, Lucie - UKGI I GRO 3 Brinkworth, Elliot - UKGI
5 Finn, Yaacov - UKGI ¢
Marnell, Rachelle (Organisational Development and Partnerships)
Heath, Daniel (Finance iBanda, Tasila - UKGI
Cecilia (Advanced
Creswell,
Manufacturing and Services)
Carl (Professional Business Services, Retail & Post Directorate);
Subject: RE: [OFFICIAL SENSITIVE-PERSONAL] For Approval - POL CFO Exit Package
OFFICIAL — SENSITIVE PERSONAL
Hi Jess,
Thanks so much for the update and extremely grateful that you were able to ensure that this was in the Minister’s box
over the weekend. That’s great news to hear that the Minister agrees with the recommended option going forward.
Further to a conversation with Abdel last week — we are hoping to hear back from SpAds early this week, and if cleared,
we will then forward on for SoS approval without delay.
Thanks again for this.
Best,
Siv
Siv Rajeswaran I Manager
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UK Government Investments
iv ondon, SW1H OET
www.ukgi.org.uk
Follow on in}
From: Scully, Minister (Private Office!
Sent: 25 January 2021 09:2:
‘ajeswaran, Siv - UKGI SpAds Office (Private Office) r
; Corera, Jane (Legal)
Manufacturing and Services) : Creswell,
Carl (Professional Business Servi
Subject: RE: [OFFICIAL SENSITIVE-I PERSONALI For Approval - POL CFO Exit Package
OFFICIAL — SENSITIVE PERSONAL
Hi Siv,
Minister Scully reviewed the exit package over the weekend.
He agrees to rejecting POL’s request for an exemption to the [seman @Xit cap and agrees that officials can relay
this to POL if SoS acceptt the advice to approve Option 2.
He is content to approve POL’s proposed Option 2 exit package.
He agrees that no bonuses should accrue in relation to the period of special leave and that bonuses payable in
relation to the period before special leave are contingent on the outcome of the Horizon IT Inquiry.
Finally, he noted without comment that if POL fail to reach agreement by end-March, a new approval will be
sought.
Thanks,
Jess
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aw Jessica Tysoe
Private Secretary to the Minister for Small Business, Consumers &
Labour Markets
Department for and Minister for London
Business, Energy Department for Business, Energy and Industrial Strategy
A Victoria Street, London, SW1H OET
& Industrial Strategy
From: Rajeswaran, Siv - UKGI
: 19 January 2021 11:08
ister (Private Office)
s SpAds Office (Private Office)
1ent and Partnerships)
; Brinkworth, Elliot - UKGI
“Manufacturing 2 and. Services)
Carl (Professional Business Services, Retail & Post Directorate’
Subject: [OFFICIAL SENSITIVE-PERSONAL] For Approval - POL CFO Exit ‘Package
OFFICIAL — SENSITIVE PERSONAL
OFFICIAL SENSITIVE - PERSONAL
Izzy, Abdel, Jess
Cc Imogen
Hope you are well.
As discussed on a call with Jess this morning, please see attached advice for clearance by SpAds and Minister Scully regarding
the approval of the exit package for the Post Office CFO ahead of it going to SoS for final approval.
As flagged on the call, we will be requesting urgent clearance as POL must conclude settlement negotiations by end-March,
which means that negotiations must start in the first week of February. The reason for this tight negotiation timetable is
outlined in the advice and the draft letter from the POL Chair to the SoS.
Please see below a summary of the advice. Given the urgency, we will be submitting to SpAds and Minister Scully in
parallel.
This is highly sensitive so please handle this information with care. Thanks again to everyone for your assistance on what
is a very complex and sensitive issue.
Please let me know of any questions.
Purpose:
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BEIS previously agreed to a request from POL for it to end the employment of its CFO. The last submission noted that POL’s
proposal for the terms of the CFO’s exit package would follow once initial Ministerial feedback was provided.
This submission sets out the options POL has to exit the CFO and a recommended course of action comprising a severance
payment compliant with the i exit payment cap regulations and a transition period to ensure both an orderly handover
and the CFO’s ongoing participation in the Horizon IT Inquiry.
Timing: For clearance from Minister Scully and Special Advisors by 22 January, ahead of submission to SoS for clearance by
29 January.
Recommendation: _
e Reject POL’s request for an exemption to the !"=-!exit cap regulations and Agree that officials
can relay this to POL if Ministers accept the advice to approve Option 2.
e Approve POL’s proposed Option 2 exit package, with scope to offer ‘good leaver’ status for bonuses payable in
relation to the period before his special leave starts.
e Agree that no bonuses should accrue in relation to the period of special leave and that bonuses payable in relation
to the period before special leave are contingent on the outcome of the Horizon IT Inquiry.
¢ Note that if POL fail to reach agreement by end-March, a new approval will be sought.
Special Advisers
This has been sent to SpAds’ office in parallel.
Annexes
A-Exit Package Options
B — Draft Letter from Tim Parker to BEIS Secretary of State (18 January 2021)
Contacts
Director General — Charles Donald,
Lead Officials — Siv Rajeswaran — det
Director Responsible — Tom Coope:
Kind regards,
Siv
Siv Rajeswaran I Manager
UK Government Investments
1 Vi
London, SW1H OET
www.ukgi.org.uk
Follow on inI
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OFFICIAL — SENSITIVE PERSONAL
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This email and any files transmitted with it are intended solely for the use of the individual(s) to whom they are addressed. If you
are not the intended recipient and have received this email in error, please notify the sender and delete the email. This footnote also
confirms that our email communications may be monitored to ensure the secure and effective operation of our systems and for other
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