Former Foreign Secretary joins F&C as a part-time director
Saturday 03 January 1998
Sir Malcolm Rifkind, the ex-Foreign Secretary, has been appointed a part- time director of Foreign & Colonial's Emerging Markets Investment Trust. The move follows the appointment last year of Kenneth Clarke, the former Chancellor of the Exchequer, as non-executive director of F&C's flagship investment vehicle, the Investment Trust.
A spokeswoman for F&C declined to give Sir Malcolm's salary for the part- time post, which began on 1 January. However, Mr Clarke is being paid pounds 18,000 for his job, which involves attending a board meeting for one day a month.
It is the third non-executive directorship Sir Malcolm has secured since losing his seat as MP for Edinburgh Pentlands to Labour at the last election. Last summer he was appointed as non-executive director of Ramco Energy, the AIM-listed independent oil company based in Aberdeen. He is also non- executive international director of BHP Petroleum, the Australian oil company.
George Nissen, chairman of F&C's Emerging Markets IT, said he was "delighted" at the move. "His breadth of knowledge will make a valuable contribution to the company."
Sir Malcolm is also the third senior Tory figure to sign up a non-executive directorship with an F&C trust. Apart from Mr Clarke, F&C has appointed Baroness Hogg, former adviser to John Major, as chairman of its Smaller Companies Investment Trust.
Of the former Cabinet ministers, Mr Clarke has been most successful in the hunt for outside jobs. On top of his pounds 43,000 MP's salary, he has secured a pounds 120,000 a year non-executive chairmanship of Unichem, along with jobs with BAT and F&C.
- Chris Godsmark
Tourist films plane's descent just metres above packed Caribbean beach
Bali nine: Welcome to 'Execution Island' – the Indonesian holiday resort where foreigners are sent to die
How Homer Simpson discovered the Higgs boson over a decade before scientists
The 'sex selfie stick' lets you FaceTime the inside of a vagina
Harrison Ford plane crash: Star Wars actor 'seriously injured' after his vintage light aircraft crash lands in golf course in Los Angeles
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
End of the licence fee: BBC to back radical overhaul of how it is funded
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
iJobs Money & Business
£8 per hour: Recruitment Genius: This Pension Specialist was established early...
£30 - 35k + Bonus & Benefits: Guru Careers: We are seeking an Executive Assist...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...