John Hemming's Web Log John's Reference Website
Sunday, April 10, 2005
  Rover and Governance
A story from November 2003 which included:

"Yesterday it emerged that members of the group of Birmingham business people who helped to kickstart a local bid for MG Rover in 2000 are considering legal action to force Phoenix to appoint independent directors.

John Hemming, a local businessman and the Liberal Democrat leader on Birmingham city council, said he was considering the action because he was concerned about the recent disclosures.

He said he had helped put together the original group of people from which the Phoenix four emerged to buy the company. He said: "I want an improvement in [corporate] governance. They need some independent scrutiny. They need it for themselves to get people's trust back."
 
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