David Ross, the entrepreneur and chartered accountant, has resigned from a
fourth company over a shares scandal.
Ross has resigned as a director of Big Yellow Group after failing to declare
nearly 11.5m shares in the storage company as collateral for personal loans.
Ross, who began his career at Arthur Andersen, has already resigned from
a bus operator, and Cosalt, a marine
safety equipment maker, after failing to declare that he had used stakes in the
companies as backing against personal loans.
‘It is with sadness that we have accepted David’s resignation,’ Big Yellow
Group chairman Nicholas Vetch said in a statement. ‘He joined the board in March
2000 at the time of our IPO and has provided tremendous support to me and has
helped us steer Big Yellow over the past eight years. I and the rest of the
board will miss his valued guidance and experience and wish him well for the
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Does Darwin's theory apply to taxation? Colin ponders...
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group