halfcenturyup
Well-Known Member
- Joined
- 12 Oct 2009
- Messages
- 9,790
Having spent a depressing amount of my life in board meetings, as I suspect is the same for you HCU, at best they’re getting a 5 minute rundown from Cliff for the CFG combined to make more time for something from the Waitrose finest collection.
I’d be shocked if the NED’s know anymore about the case than most people on here do as ultimately it’s not relevant for them.
Maybe it depends on the sort of board meetings you were in, but I always enjoyed attending them, tbh. Or maybe it was because I was just a scrote from Droylsden who, due to a large amount of luck and a small degree of hard work (but only when necessary) ended up in the board meetings of multi-billion euro companies in three languages, all over the world. Never a dull moment for me (well, hardly).
Life story aside, my point really is this: it is the directors who are responsible for preparing financial statements in accordance with applicable laws and regulations. Or put it anther way, the directors are at risk of going to jail should they have filed fraudulent accounts. I am pretty sure they will be well briefed on the allegations and the progress with the disciplinary panel.
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