M&C Saatchi said co-founder Maurice Saatchi and House of Cards author Michael Dobbs would step down from the board, days after the British advertising agency issued its second profit warning in less than three months due to an accounting scandal. The agency, founded in 1995 by brothers and advertising moguls Maurice and Charles Saatchi after they were ousted from Saatchi & Saatchi, also said non-executive directors Michael Peat and Lorna Tilbian had stepped down. “We have accepted the decision of these directors to resign. Mr Sinclair said the company had started a process to reconstruct its board with new independent directors, who “will have a mandate to conduct a full review of all aspects of our governance”. ‘Demon eyes’The original Saatchi business, led by the Saatchi brothers, made a name for itself with its “Labour isn’t working” campaign poster for Margaret Thatcher showing a queue of people snaking out from an unemployment office and disappearing into the distance.

Source: The Irish Times December 10, 2019 20:48 UTC