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To ask the Chancellor of the Exchequer
(1) whether he asked for or received information on what the remuneration and incentive schemes for (a) the Chief Executive Officer, (b) the Finance Director and (c) any other Executive Directors of Northern Rock will be under Virgin Money ownership;
(2) what the incentive schemes are for (a) the Chief Executive Officer, (b) the Finance Director and (c) any other executive directors of Northern Rock;
(3) what information he asked for or received regarding the compensation arrangements that have been agreed for the departing Northern Rock board members.
Information regarding the remuneration and incentive schemes for Northern Rock plc board members can be found in Northern Rock plc's annual report and accounts 2010 via the following web link:
No decisions have been made regarding compensation arrangements for departing Northern Rock plc board members.