close

Risk & Economy

Digital Transformation

Strategy & Operations

Events

Advertise with us

    Information

    Consulting » Extraordinary items – Baring necessities.

    Extraordinary items - Baring necessities.

    Nick Leeson could have won back the fortune he lost by going bullish on the number of court cases that would arise out of the Barings collapse. The latest High Court tussle saw former director Peter Norris seek an exemption from the DTI's decision to disqualify him from being a company director for four years. The court tried to find a balance between the "need" to protect the public, his "need" to be a director, and the "need" of the companies connected with Viz comic group John Brown Publishing to engage him as a director.

    Author Writer Date published November 3, 1999 Categories

    Well, since fraud and dishonesty didn’t feature in his disqualification, the judge ruled that Mr Norris could be a director of those companies, provided he was only a non-executive director, he had no employment contract and his directorships were unpaid. But that’s not too onerous: Mr Norris is still allowed to be paid as a consultant to those companies. ?:

    Share
    Was this article helpful?

    Leave a Reply

    Subscribe to get your daily business insights

    Join a global community of senior CFO leaders, and access the latest analysis and reports

    Whitepaper

    Related Articles

    Think bigger – Be digital ready
    Business Partnering

    Think bigger – Be digital ready

    4w John Sheridan
    Procurement leaders must look beyond simply cost reduction
    Procurement

    Procurement leaders must look beyond simply cost reduction

    3y Jeremy Chan | Sponsored by Transparent
    Roundtable | State of Business Execution: Discussion Behind the Data
    Procurement

    Roundtable | State of Business Execution: Discussion Behind the Data

    3y Emma Walker
    Webinar | How SMEs can better enable employee mobility in the finance team?
    Consulting

    Webinar | How SMEs can better enable employee mobility in the finance team?

    4y Phil Jackson
    Sia Partners UK CEO on thriving in the new normal
    Consulting

    Sia Partners UK CEO on thriving in the new normal

    4y Lawrie Holmes
    Are Tender Frameworks the way to go?
    Procurement

    Are Tender Frameworks the way to go?

    5y Nicky Wilkins
    Unlocking the value in supplier invoices
    Big Data

    Unlocking the value in supplier invoices

    5y Michael Cichy
    To send e-invoices to the Public Administration or not to send… that is the question!
    Procurement

    To send e-invoices to the Public Administration or not to send… that is the...

    5y Comarch | Sponsored