IoS exclusive: Coulson owned News Corp shares while at No 10 – UK Politics – UK – The Independent
But the fresh disclosure about Mr Coulson’s shares will put further pressure on Mr Cameron over whether he carried out “due diligence” in appointing Mr Coulson in May 2007. Questions for the Prime Minister include whether he, as a former executive for Carlton, a major media company, should have asked Mr Coulson whether he had been given any shares as part of his severance package from News International. Mr Coulson’s pay-off from the media company also included severance payments which were staggered over time and continued when he began working for Mr Cameron. News International sources indicated the compensation package was “generous”.
Mr Coulson was subject to a type of vetting before starting work for the Tories and again before he entered No 10, but this would not have picked up on financial interests. Mr Coulson resigned as Mr Cameron’s director of communications in January 2011.
The shareholding could be picked up by Lord Leveson this Thursday.