The chairman of the BBC quit Friday after a report found he failed to disclose a potential conflict of interest over his role in arranging a 2021 loan for Boris Johnson, who was the U.K.’s prime minister at the time.
The publicly funded national broadcaster has been under political pressure after it was revealed that Richard Sharp helped arrange the line of credit weeks before he was appointed to the BBC post on the government’s recommendation.
Sharp said he was quitting to “prioritize the interests of the BBC” after making an “inadvertent” breach of the rules. Sharp said he would remain in his BBC role until the end of June while the search for a successor takes place. The investigation is the latest uncomfortable episode for the 100-year-old BBC, which is funded by a license fee paid by all households with a television and has a duty to be impartial in its news coverage.
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