Select Committee on Standards and Privileges Appendices to the Minutes of Evidence


Annex 1

Letter to Mr Keith Vaz MP

from Mr Nadhmi Shakir Auchi

Following our recent discussions, I am pleased to confirm the proposal previously made to you.

Your appointment is to the Board of General Mediterranean Holding (UK) Ltd ("GMH UK").

This, in itself, should not be too onerous as the Board shall meet say, twice a year.

Your appointment will be deemed to commence as from January 1, 1999. The basic fee, per annum, for carrying out your duties as a director is US$20,000.00.

Payment of your fees shall be against fee notes, either monthly or quarterly in arrears.

I hope that you are agreeable to the above terms. If so, kindly return the accompanying duplicate with your signature to indicate your acceptance.

26 January 1999





 
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