(2) what the aims and objectives are of the International Business Advisory Council; and what recent assessment he has made of its performance against targets.
The International Business Advisory Council was established by the then Chancellor of the Exchequer in March 2006. The aim of the Council was to provide practical advice on public policy, as opposed to theoretical/academic analysis.
At the creation of the International Business Advisory Council it was composed of the following members:
Bernard Arnault, Chairman and CEO, LVMH
Lord Browne, (then) Group Chief Executive, BP
Dr. Jean-Pierre Garnier, (then) CEO, GlaxoSmithKline
Bill Gates, Chairman, Microsoft Corporation
Sir Li Ka-shing, Chairman, Hutchison Whampoa Ltd.
Sir Terry Leahy, CEO, Tesco
Sir John Rose, CEO, Rolls-Royce
Robert Rubin, (then) Director and Chairman of the Executive Committee, Citigroup Inc.
Lee Scott, (then) President and CEO, Wal-Mart
Ratan Tata, Chairman, Tata Group
Meg Whitman, (then) President and CEO, eBay
James Wolfensohn, Special Envoy for Disengagement and Former President of the World Bank.
The Council met for the first and only time at a breakfast meeting on 17 November 2006. In addition to the then Chancellor of the Exchequer, the attendees were:
Mr. Robert Rubin (then of Citigroup)
Sir Li Ka-Shing (Hutchinson Whampoa)
Sir John Rose (Rolls-Royce)
Dr. Jean-Pierre Garnier (then of GlaxoSmithKline)
Mr. Ratan Tata (Tata Group)
Mr. Bernauld Arnault (LVMH)
Ms Meg Whitman (then of eBay).
In June 2007, Prime Minister Gordon Brown established the Business Council for Britain to ensure that the Government focus on the areas where it will make the greatest benefit to the business environment. Former members of the International Business Advisory Council are invited to attend formal meetings of the Business Council for Britain, and a number of them have done so.
For information on the current work of the Business Council for Britain please consult: