Uncharitable act
He sought to relieve the suffering of his underprivileged parishioners by setting up a savings bank which grew to become the Trustee Savings Bank (TSB).
What is of most concern is the unfair treatment suffered by the foundation (LTFS) at the hands of the group (LBG), when the main concern of LTFS was the protection of its revenue and independence, and where LBG refused even to consider a compromise. This shameful treatment of the foundation has been compounded by the group's decision not to accept the unanimous decision of the foundation's trustees to reappoint their current chairman, Christine Lenihan. This is surely an attack on the independence of any organisation.
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Hide AdHowever, it is rather surprising that the group has now taken a unilateral decision to issue a notice of termination of the covenant it signed with the foundation following the flotation of the TSB. This goes against the very spirit of the dialogue between the government and the LBG over the past four months. We were of the impression that the imminent result of this would be a compromise.
DR MOZAMMEL HUQ
Chairman, Charity Education International
Napiershall Street
Glasgow