Sir, Margaret Hodge has done some excellent work but sadly is now showing a tendency towards bullying (report and political sketch, Mar 10).
The activities of HSBC’s Swiss office are being questioned, quite reasonably, but that is a far cry from expecting non-executive directors to monitor day-to-day commercial activities. Margaret Hodge should understand that her (and her committee’s) role is to judge facts and not to indulge in speculation or personal observations. Whether or not Rona Fairhead remains in post is, presumably, a matter for her; she is, however, owed an apology from her vociferous antagonist.
John Evans
East Kennett, Wilts
Sir, What does Rona Fairhead think she is to do for her £500,000 if not to bear some responsibility for strategy, performance and risk at HSBC? Non- executive directors (NEDs) are the custodians of governance and have a duty to hold CEOs and senior management to account. To say she had no knowledge of the alleged illegality, bore no responsibility and to blame others (HSBC managers and customers) is quite astonishing, even more so as she was chair of the bank’s audit committee. NEDs should perhaps read their appointment letters and responsibilities in more detail before accepting the role.
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Mrs J Bullivant
Rolleston on Dove, Staffs
Sir, Never mind Mrs Hodge’s views on Rona Fairhead’s competence; how was it considered appropriate to appoint someone to a high-profile public position at the BBC without requiring her to relinquish other commitments with obvious potential for a conflict of interest?
Colin Fuller
Bishops Cleeve, Glos