Thursday, 15 September 2016

MPs to debate whether to strip Sir Philip Green's KNIGHTHOOD

Sir Philip Green

MPs are on a debate whether to strip Sir Philip Green's knighthood since collapse of BHS.

Frank Field, chairman of the work and pensions committee who co-authored a report that claimed Sir Philip bore "ultimate responsibility" for the retailer’s demise, has called a Commons debate to be held in the second week of October.

Fellow MP Richard Fuller is seeking a separate vote on Sir Philip’s knighthood.

The sale of BHS by Sir Philip’s Arcadia Group to a former bankrupt, Dominic Chappell, and its subsequent collapse a year later has also prompted questions about how corporate governance at private companies should be tightened.

Mr Field said: "It is the first chance for the whole House to pass its judgment since our report into BHS and its collapse."

However, even if the House wants the knighthood withdrawn, MPs do not have the power to make the decision. The Honours Forfeiture Committee must weigh the case and submit any recommendation through the Prime Minister to the Queen.


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