British boardrooms urgently need reform to protect staff and pensioners and to preserve companies’ reputations in the light of this week’s devastating critique of Sir Philip Green’s ownership of BHS. Iain Wright, chairman of the business, innovation and skills select committee, which described Sir Philip as the “unacceptable face of capitalism”, writes in The Times today: “The time has come to look again at the laws that govern business and how they are enforced.”Thousands of staff have lost their jobs in the aftermath of the collapse of BHS, which Sir Philip sold for £1 last year after taking millions…

Source: The Times July 25, 2016 23:03 UTC