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Were RBS non-executive directors muzzled?
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Added by
apesphere on 22 Mar 2009
From: business.theage.com.au
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| Image courtesy victoriapeckham via Flickr |
A senior labor party politician has demanded an investigation into whether Royal Bank of Scotland non-executives were threatened for doing their job.
According to the allegations about the financially distressed, bailed out bank:
"at least three of its former non-executive directors may have been intimidated and threatened with the sack for asking searching questions about its financial affairs
...
The intervention by Lord Foulkes, who is also a member of the Scottish Parliament, comes amid fears that the bank will be exposed as Britain's equivalent of Enron"
Andrew Newton is the author of The Handbook of Compliance: Making Ethics Work in Financial Services
Christine Arena 

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