At the end of February, disgraced corporate tycoon Sir Philip Green agreed to pay £363m to plug some of the BHS pension shortfall caused by his poor stewardship of the company and its subsequent fire-sale to thrice-bankrupt retail novice Dominic Chappell.

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Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...