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  "documentTitle": "Rail industry cost and revenue sharing (2011)",
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  "notes": "Includes quotes from KPMG (2008), Committee of Public Accounts (2010), and Tom Winsor (2004) to support the diagnosis of governance issues.",
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      "text": "NR's \"members\" based governance regime is widely considered to be ineffective",
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      "text": "Source: NR; ORR; Gourvish, “Britain's Railways 1997-2005 - Labour's Strategic Experiment”; ORR/ATOC/Network Rail. Rail industry cost and revenue sharing.",
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      "text": "NR's board is accountable to about 100 members (Public and Industry). The DfT is a member with special rights.",
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      "text": "NR is the monopoly owner and operator of the national rail network, including track, signalling, power, civils and stations. It was launched in Oct 2002 when it bought out Railtrack. It took a more centralised approach.",
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      "text": "NR has Company Limited by Guarantee (CLG) status, meaning it operates as a private company but profits are reinvested. It has no equity and debt is government-guaranteed.",
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      "text": "Members with significant experience and interest in the industry were in close agreement that the current membership structure and approach is flawed.",
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      "text": "There's clearly conflicts of interest in the structure as it is... We are not sure that it is that effective.",
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      "text": "There's clearly conflicts of interest in the structure as it is... This is a unique structure and, at the heart of it, accountability, we are being told, is by individual members of Network Rail. We are not sure that is that effective ... (Evidence given to the Committee of Public Accounts for “Increasing Passenger Capacity”, September 2010)",
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      "text": "Network Rail is the owner-operator of the national network",
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