City & Guilds

City & Guilds is a UK-based vocational training organization. It is currently facing significant scrutiny due to several recent events. Firstly, its new owners have reportedly tripled the pay of top executives while simultaneously implementing a £22 million cost-cutting drive, leading to workforce reductions. Secondly, the Charity Commission has launched a statutory inquiry into City & Guilds' sale of its qualification awards business to a private company last year, following revelations of million-pound bonuses awarded to executives after the privatization. This inquiry was triggered after reports of substantial bonuses paid to executives, including a reported £1.7 million award for the chief executive. Consequently, the chief executive and chief financial officer have been placed on leave, further highlighting the gravity of the situation and raising questions about governance and financial practices within the organization. These events have brought City & Guilds' operations and financial decisions under intense public and regulatory examination.