Charity watchdog opens inquiry into City & Guilds’ sale of business arm

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The Charity Commission has launched an inquiry into City & Guilds' sale of its qualification awards business to PeopleCert last year. This follows reports of million-pound bonuses awarded to City & Guilds executives, including CEO Kirstie Donnelly and Finance Director Abid Ismail, after the privatization. The inquiry will examine the trustees' decision-making process regarding the sale, the information they considered, and concerns raised about executive bonuses. The commission had been informed of the sale previously and received assurances, but the sale did not require their consent. The inquiry may expand if further regulatory issues arise.
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