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Former MG Rover chiefs are disqualified

The former MG Rover directors know as the 'Phoenix Four' have undertaken not to act in management roles for a number of years.

Peter Beale has been disqualified from acting in the management of a limited company for six years, John Edwards for three years and John Towers and Nick Stephenson for five years each. Ed Davey, the business minister in charge of corporate governance, said the disqualification undertakings represented a "successful conclusion to a lengthy and complex investigation" into the collapse of MG Rover in 2005.

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