Summary
Non-executive directors of West Bromwich Building Society face being asked why they have not been held accountable for the crisis that brought the 160-yearold institution close to collapse.
At least one director plans holding the full board to account at next week's annual general meeting. Former chief executive Stephen Karle was paid compensation of pounds 520,600 on top of a salary package of pounds 166,000 when he resigned suddenly last October. Mr Michael Price, of Bromsgrove, believes, however, that Mr Karle looks to have shouldered the whole blame for the bad debts incurred on under-performing commercial loans that left the society losing pounds 48.8 million in the year to March 31.See the full content of this document
Extract
West Brom Board to Be Held to Account
"It is more likely that after only two years in that position (the previous incumbent having c...
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