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Network Rail rebels take aim at Kong

Tuesday, April 20 2010

Network Rail non-exec board member Janis Kong

The Fact Compiler, the thinking man’s favourite railway blogger, published this delicious post yesterday.

NR board appointment fires up reformers zeal

Yesterday’s Independent on Sunday reported that there is disquiet amongst NR members about the proposed appointment of Janis Kong to the company’s board.

The decision is due to be rubber stamped in July at NR’s Annual General Meeting but with reform to Network Rail governance mentioned in both the Tory and newly resurgent LibDem manifestos this could become a cause celebre.

Kong was a non-Exec at RBS when Fred the Shrek ran the doomed banking group and she was also on the remuneration committee that boosted the failed banker’s pension pot by £20m.

Regular readers who were with us in our Tunnel Vision days may feel a twinge of deja vue. We had Kong in our sights in January when we wrote.

Her main claim to fame is that she was a member of the Royal Bank of Scotland’s Remuneration Committee, which approved at £20m pension deal for disgraced RBS ex-chairman Sir Fred Goodwin.

We trust that the rest of 2010 will be an interesting time for the Network Rail board.

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