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Network Rail Members vote for change to Secretary of States's company role
At a general meeting on Friday, 97.3% of Network Rail's 41 Members (the company's equivalent of shareholders) voted to change the company's articles of association.

 

 

The change was necessary as Network Rail is to be reclassified as a public sector company on Monday, 1 September following a statistical change in the classification of its debt from private sector to public sector.

The main changes to the articles give the company's special member - the Secretary of State for Transport - additional powers over the appointment of the company's chair, its remuneration policy and the selection of its Members.
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