To ask the Secretary of State for Transport, what bonus the CEO of HS2 Ltd is due to receive for the current year of their contract; and what the criteria are for receipt of that bonus.
2 June 2020
The HS2 Ltd CEO has voluntarily agreed to waive any bonus payment entitled to be paid to him this year.
The criteria for receipt of the bonus, had it not been voluntarily waived, focused on five key areas of performance in 2019/20: health, safety and wellbeing; annual control of budget; performance against annual milestones and schedule; organisational capability including talent and diversity; and community engagement. These areas of performance will still be reported on as usual, in the company’s Annual Report and Accounts.