some funders will not be charmed by the thought that the managers are prepared to break the law to further their career objectives
That assumes that there was no knowledge of the decision at board level. Plausable deniability anyone? "Go ahead and do it but we know nothing" Or the other way, get some "legal advice" that says that the plan is "legal" and hold that up as justification. The "legal advice" does not have to be revealled publicly so will not cause any grief. I believe that mangement in this case used that justification. "We were badly advised and made a mistake m'lord"
