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Network Rail does not have shareholders, instead we have members
The board of directors of provides the primary governance of Network Rail with members being the secondary governance regime which holds the board to account for its leadership and management.
The role of public members is similar to the role of shareholders in public limited companies except that public members have no financial interest in Network Rail. Unlike listed public limited companies which have large shareholder bases, our members' votes carry much more influence. Each member's vote really counts as no one member has greater voting power than another. It is strictly one member, one vote.
More information on the role of our public members, and how they carry out this role, can be found at The role of public members.
Biographies for our public members can be found at Who are the members?
We hold several meetings each year for our public members at which we cover key strategic risks, challenges and opportunities. More information on these meetings can be found at Meetings.
Expenses policy and summaries of expenses incurred by our public members are available at Expenses.
Public members are recruited on an annual basis. Details of the process for recruiting public members are available at Becoming a public member.