BusinessCompany NewsBoardrooms should include a priest

Boardrooms should include a priest

Priest should sit on company boards in order to head off future financial scandals, the former Archbishop of Canterbury claims.

Link: Higgs code pushed up non-exec earnings

The priests would act as a boardroom’s ‘moral guardian’ and help to prevent future Parmalat and Enron-type frauds.

They would sit as non-executive directors and offer spiritual guidance to the rest of the board.

George Carey’s comments came at the World Economic Forum in Davos and shows the degree to which the scrutiny of boardroom decision-making has become a general issue.

However, the former Archbishop who stood down after 12 years in 2003, could find his case undermined by the Parmalat scandal.

The Italian company was strongly linked to the Roman Catholic church.

Parmalat’s founder Calisto Tanzi, now under arrest, lent the company’s jet to prelates and used the firm’s money to restore Parma’s ancient cathedral.

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