Wednesday, February 25, 2015

Up to you

A footnote to today's Public Accounts Committee session with the BBC: Ma Hodge, firing off in all directions as has become her style, opened with questions about BBC Trust chair Rona Fairhead's role at HSBC.  Demonstrating the dangers of a little knowledge, she demanded to know what sort of "due diligence" was now underway at the Corporation.  None, said Trustee Nick Prettejohn, gentling pointing out that the neither the Trust nor the BBC Executive appointed her. "It's not right for us to revisit that decision".

By the way, Nick is still a non-executive director of the Lloyds Banking Group plc, where he is a member of the Audit Committee and the Risk Committee. Lloyds sold their Swiss-booked private banking business and their Miami-based international private bank in October 2013, and their private bank operations in Monaco and Gibraltar in April 2014. They boast they now have no private banking connections with Switzerland.

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