|Blue-chips to vote on the future of the CBI|
Scores of blue-chip companies, including BP and Marks & Spencer, will be allowed to vote on the future of the Confederation of British Industry (CBI) at an extraordinary general meeting next month. The poll will be conducted on a 'one member, one vote' basis, regardless of a company's size or subscription fee. Insiders said the group was drafting proposals for a slimmed-down organisation that would inevitably result in some redundancies among its workforce. The group's director-general, Tony Danker, was sacked last month amid allegations of personal misconduct. His successor, Rain Newton-Smith, has vowed to lead the CBI's rebirth, and has said it is likely to involve changing the group's name. The scandal has also ensnared the CBI's former president, John Allan, who acknowledged making an inappropriate comment to a colleague, and has since stepped down early as chair of Tesco and Barratt Developments amid allegations about his behaviour.