The corporate governance of a major high-street organisation is not just an issue for the company concerned, but for the business community as a whole. The vast majority of British business people are more likely to have mortgaged their house to build their organisations than they are to own a super yacht. I was asked on the Today programme whether, as the leader of Britain’s oldest business organisation, I could ‘defend’ the running of BHS; I can’t. Serious questions need to be asked of almost everybody concerned in the running of BHS, the sale, and the company’s demise.
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