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Entrust chief executive “on leave” in wake of Parliamentary hearing

A formal announcement is expected shortly from Entrust, the Landfill Tax Credits Scheme regulator, about the position of its chief executive Dr Richard Sills.

Last week full apologies were made by Dr Sills and the Entrust chairman Lord Cranbrook to a select committee of the House of Commons for contempt of Parliament.
Now it is understood that Dr Sills' position may have changed and that he could be “on leave” in the wake of the Parliamentary hearing.

The hearing centred on a letter sent by Dr Sills to one of the witnesses to the committee.

The committee itself has taken a tough line with Entrust and paid close attention to issues raised by the Guardian newspaper and Dr Malcolm Aickin, to whom Dr Sills wrote. Dr Aickin was on the board of ebco, a group formed to represent environmental bodies, the groups that can carry out projects funded by Landfill Tax credits.

Entrust itself has been left rather in limbo by government in recent months as the Department of the Environment, Transport and the Regions vacillates over its future role. However, some observers consider that the organisation is a prisoner of government policy dictated by the Treasury and has been extremely successful in what it has achieved.

Some of the concerns aired by Dr Aickin to the select committee concerned the board of Entrust and the fact that it was a limited company.

However, HM Customs & Excise attend all meetings and Lord Cranbrook has offered for the board to resign and be reshaped with direct input from government. Such a model would mirror other private sector regulators such as the Financial Services Authority.

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