Phoenix Four may face director ban
Lord Mandelson reportedly angling to have ex-MG Rover top brass banned from being directors
Four businessmen who were at the helm of MG Rover when the automotive giant
collapsed could be disqualified from serving as company directors, the
government has hinted.
Peter Mandelson, the business secretary, is considering the move in the wake
of the SFO’s decision not to start a criminal investigation into the collapse,
the
Guardian
reported.
According to the paper, Mandelson has asked government lawyers to begin
compiling the evidence needed to bar certain former Rover directors from
participating in corporate life.
Information contained in BDO Stoy Hayward’s long -awaited report, set to be
made public on 11 September will form the key plank of the government’s
offensive on the directors.