UK National Audit Office publications

Work in Progress: DFID’s role as a shareholder of CDC Group Plc

Study Outline

CDC Group Plc, formerly the ‘Commonwealth Development Corporation’, is a UK government-owned fund, with net assets of £2.7 billion, investing in private equity funds focused on emerging markets, with particular emphasis on South Asia and Sub-Saharan Africa.

The Department for International Development is 100 per cent shareholder and sets the overall framework for CDC’s investment policy.

This NAO study aims to examine how DFID has exercised its role as CDC shareholder. The study will specifically focus on:

whether the results of investing in CDC align with reasonable expectations of DFID as a strategic shareholder; and
whether the governance arrangements for CDC maximise the scope for securing DFID’s objectives.

Publication Schedule

We intend to publish our report by the end of 2008.

Members of the NAO Team

Neil Carey:
0207 798 7855

Email above personnel through our enquiries desk, marking your email for their attention

Media contacts: Donna Watson
Press Office
T: 020 7798 7038
M: 07917 555 388
Email Donna Watson through our enquiries desk; please mark your email for her attention

National Audit Office, 151 Buckingham Palace Road, Victoria, London SW1W 9SS
Switchboard: +44 (0)20 7798 7000 / General enquiries: +44 (0)20 7798 7264 / Press enquiries: +44 (0)20 7798 7400
To comment on the site, please use our Feedback form