Corporate Governance. Case study and analysis: Governance Risk & Ethical Issues of Trinity Mirror Group PLC (TM); Political Disparity, Pension Fraud & Phone Hacking by Irene Anne McLaughlin

Author:Irene Anne McLaughlin [McLaughlin, Irene Anne]
Language: eng
Format: azw3
Tags: Trinity Mirror, Daily Mirror, governance, corporate governance
ISBN: 9783668259775
Publisher: GRIN Publishing
Published: 2016-07-14T04:00:00+00:00

d. Private Sector Response

The weakness of the press response was demonstrated by an example provided by Lord Brooke (the Secretary of State for National Heritage between July 1992 and September 1994). He recalled that in 1993 the Sunday Mirror published photographs of the Princess of Wales exercising in a private gym. Lord McGregor, then Chairman of the PCC, issued a public rebuke of the Sunday Mirror; but instead of showing contrition the paper’s response was to insist continuing the system of self-regulation through the PCC. Baroness Buscombe also explained that both the Daily Mirror and the Financial Times had threatened to leave the PCC as a consequence of an adverse adjudication. She accepted the suggestion of the Inquiry that this reflected that the balance of power within the self-regulatory system for the press may be wrong.

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