The Department of Business Innovation and Skills has ruled that the former directors of MG Rover will be banned from holding any company office in the UK for three to six years.
The so called Phoenix Four, the group of directors who oversaw the disastrous collapse of British automotive manufacturer MG Rover, have been disqualified from holding executive positions in the UK for a period of three to six years. The valued British brand collapsed in 2005 with the loss of 6000 jobs but the decision to…
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