What happened: The Charity Commission has launched a statutory inquiry into City & Guilds following the sale of its qualification awards business to a private firm last year. This follows reports that senior executives received million-pound bonuses linked to the sale.
Why it matters:
- The inquiry examines whether the sale and bonuses were handled appropriately within charity regulations.
- It affects City & Guilds, its stakeholders, and the wider charity sector’s governance standards.
MNN Take: The Charity Commission’s investigation aims to ensure transparency and proper management in the sale of charitable assets, reflecting concerns about accountability in charity operations.
Sources: Guardian UK