Before the forfeiture committee is summoned to consider de-gonging Sir Philip Green, its probably wise to introduce some proper process into the unpicking of the BHS fiasco.
Frank Fields work and pensions select committee can do valuable work on the narrow question of assessing the impact on the Pension Protection Fund (PPF), the lifeboat for defined-benefit schemes. It can also invite Green to give evidence and, by the way, it should also call Lady Green, since she was the formal owner of the department store chain. And the Pensions Regulator can assess whether the Greens should be asked to contribute more to the pension scheme.
But what is really needed is an old-style Department of Trade and Industry investigation, which may even…
Read the full article at: http://www.theguardian.com/business/nils-pratley-on-finance/2016/apr/27/bhs-fiasco-demands-proper-investigation