CBI considers insolvency in wake of devastating sexual harassment claims trends now
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The 'scandal' hit Confederation of British Industry (CBI) lobby group has sought legal advice on possible insolvency as it faces an existential crisis after sexual harassment claims.
Lawyers from an unnamed City firm were hired to offer advice to the group, ahead of a make or break vote on its future this month.
The group, which has previously claimed to represent 190,000 businesses, has been engulfed in a scandal after allegations of rape and inappropriate touching.
Bosses are expected to publish a prospectus ahead of a company meeting on June 6, which will lay out proposed governance changes.
New director general Rain Newton-Smith has pledged to turn around the group so
