David Prosser: Is Sir Ken the only one to have blundered?
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Outlook The curious case of Sir Ken Morrison, fined yesterday for failing to tell Morrisons he had sold off his holdings in the supermarket group, is reminiscent of another recent share ownership scandal. Sir Ken appears to have simply overlooked his duty to inform the company of the disposals he made, just as, in 2008, David Ross, a significant shareholder in Carphone Warehouse, inadvertently fell foul of rules requiring him to declare he had pledged chunks of his holdings as collateral against certain loans.
After the Ross affair, it became clear many other individuals had made the same mistake – though he still had to resign from a string of directorships. The rules Sir Ken broke were more straightforward, but it will be fascinating to see whether anyone else has just realised they are in the same boat.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments