26 Jul 2004
CDC, formerly the Commonwealth Development Corporation, invests in poor countries. It was split into independent parts earlier this year - CDC, a state-owned investment company and Actis, a privatised fund manager.
According to the Sunday Telegraph, the NAO is examining why ministers failed to run a competitive auction for Actis, despite receiving an expression of interest from an Amercian investor.
Sir John Bourn, auditor general, will meet Gregory Barker, Conservative MP for Bexhill and Battle to discuss the issue this week.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
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