Dormant Bank and Building Society Accounts Bill [HL]

The amendment raises wider issues about what the management structure of the organisation will be. Are we envisaging a non-executive board and a non-executive chairman? Are we talking about a paid chief executive? How much will he be paid? Will all the non-executives be paid? How many people do we envisage will be needed to keep the organisation running? We need to have a picture of that before talking with any authority on the question of expenses, and so forth. I do not know who will control all of that. If the board decides how much it will be paid, we have seen what has happened elsewhere on that. Somehow there is an escalation; a consultant comes in and compares you with all sorts of other people around the world and says that you should be paid enormous sums. How will there be a limit on that? How can it be kept within reasonable limits?