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28/09/2012
G4S Bosses Resign After Olympic Security Review
Following a MPs committee review of the Olympic Games security contract, two G4S have resigned.
David Taylor-Smith, chief operating officer, and Ian Horseman Sewell, a managing director, have now left the company.
Chief executive Nick Buckles, the public face of the company, however, has kept his job.
The company was paid a £57m fee to supply Olympics security staff, but the army had to be drafted in just days before the Games began after G4S failed to fill the posts.
MPs on the Home Affairs Select Committee last week called for the company to hand back the fee.
Keith Vaz, chairman of the committee, welcomed the resignations, saying that they showed that "G4S at the highest levels have taken the report of the committee [and] the concern of the public very seriously indeed".
But he pointed out that it had not carried out the committee's other recommendations.
The issue of the management fee remained unresolved, he said, and the company had not compensated prospective employees who were waiting to start work with G4S for months, and may have lost other work as a result.
"Just this morning, I have been emailed by employees of G4S who have not been paid for work they have done at the Olympic and the Paralympic Games," Mr Vaz told BBC News.
A statement from the company said the review, by the consultants PricewaterhouseCoopers, did not hold Mr Buckles personally to blame for what went wrong and said it was in the best interests of the company and its stakeholders that he should remain in charge.
"Whilst the [chief executive] has ultimate responsibility for the company's performance, the review did not identify significant shortcomings in his performance or serious failings attributable to him in connection with the Olympic contract."
(H)
David Taylor-Smith, chief operating officer, and Ian Horseman Sewell, a managing director, have now left the company.
Chief executive Nick Buckles, the public face of the company, however, has kept his job.
The company was paid a £57m fee to supply Olympics security staff, but the army had to be drafted in just days before the Games began after G4S failed to fill the posts.
MPs on the Home Affairs Select Committee last week called for the company to hand back the fee.
Keith Vaz, chairman of the committee, welcomed the resignations, saying that they showed that "G4S at the highest levels have taken the report of the committee [and] the concern of the public very seriously indeed".
But he pointed out that it had not carried out the committee's other recommendations.
The issue of the management fee remained unresolved, he said, and the company had not compensated prospective employees who were waiting to start work with G4S for months, and may have lost other work as a result.
"Just this morning, I have been emailed by employees of G4S who have not been paid for work they have done at the Olympic and the Paralympic Games," Mr Vaz told BBC News.
A statement from the company said the review, by the consultants PricewaterhouseCoopers, did not hold Mr Buckles personally to blame for what went wrong and said it was in the best interests of the company and its stakeholders that he should remain in charge.
"Whilst the [chief executive] has ultimate responsibility for the company's performance, the review did not identify significant shortcomings in his performance or serious failings attributable to him in connection with the Olympic contract."
(H)
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