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UK’s scandal-hit business lobby could fold: Report

LONDON: Britain’s biggest business lobby group on Wednesday said it was mulling options, reportedly including bankruptcy, after it was rocked by allegations of sexual harassment by staff.
The Confederation of British Industry has been mired in a scandal over the claims that sparked an exodus of companies and overhaul of the organisation.
“Following a series of member resignations, we know that the CBI will need to be smaller and refocused in the future,” a spokesperson told AFP.
“The board has sought advice on matters of restructuring as may be appropriate, as any responsible board would.”
The Guardian newspaper, which first publicised the claims of sexual harassment, reported Wednesday that this legal advice included guidance on potential insolvency.
The paper added the advice was requested ahead of publication of the lobby’s turnaround plans this week.
More than a dozen women claimed they had been sexually harassed at the CBI and two others alleged they had been raped.
In the wake of the scandal, Rain Newton-Smith was appointed as director-general to overhaul the group, which in April said it had sacked a number of “culturally toxic” employees.
Newton-Smith took over from Tony Danker, who departed over a separate misconduct allegation.

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