G4S directors resign

Two of the directors of security firm G4S have resigned over the company's failure to provide enough security guards for the Olympics.

Departing G4S directors will not get extra pay-offs

David Taylor Smith, one of the directors of security firm G4S who has quit over the firm's failure to supply enough security guards for the Games, is an ex-British Army officer, who joined the firm as managing director of G4S Hong Kong in 1998, before going on to head its UK and Ireland operation.

In January, he was appointed as regional chief executive of the UK and Africa region. Mr Taylor-Smith and Ian Horseman Sewell, who is the other G4S director to resign, are not expected to receive any pay-offs outside of notice entitlements within their contracts.

Keith Vaz: 'Right decision by G4S senior officials'

Chairman of the Home Affairs Select Committee Keith Vaz.
Chairman of the Home Affairs Select Committee Keith Vaz. Credit: PA

Keith Vaz, chairman of the Commons Home Affairs Select Committee, said: "This is the right decision by senior officials at G4S to take responsibility for the fiasco of G4S's involvement in Olympic security preparations.

"This however does not represent closure. As the Home Affairs Committee recommended, G4S must address outstanding issues concerning the waiving of the management fee and the ex-gratia payments it should make to the employees it treated in such a cavalier fashion."

He went on: "A strong and clear message to companies that receive taxpayers' money has been sent.

"Those who fail to deliver on contracts must pay the ultimate price. It is now imperative that the Government set up the procurement risk register that the committee recommends."

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G4S directors resign over Olympics fiasco

General view of G4S branding and x-ray machines.
G4S failed to provide enough security guards for the London Olympics. Credit: Anthony Devlin, PA

Two of the directors of security firm G4S have resigned over the company's failure to provide enough security guards for the Olympics. David Taylor Smith and Ian Horseman Sewell decided to go after the company completed a review of the fiasco. Chief Executive Nick Buckles has kept his job.