T
he Confederation of British Industry (CBI) has postponed its annual assembly on the final minute because it tries to shore up its troubled funds.
The foyer group mentioned that it was “in positive dialogue” to attempt to get cash that may assist clear up its “short-term cash flow challenges”, it instructed members on Tuesday.
The organisation was on the coronary heart of a storm earlier this yr following a sequence of allegations of sexual harassment and rape towards members of its workers.
As a end result, dozens of members of the influential commerce physique left the group – making a gap in its funds.
The group’s annual normal assembly (AGM) was scheduled to happen on Wednesday, however was postponed only a day earlier than.
In a message to its members, the enterprise group mentioned: “At the CBI , we’re serious about our commitment to you, to be more accountable and transparent in our decision-making and work.
“As has been reported, the CBI has experienced some short term cashflow challenges.
“To reassure members, we are in positive dialogue over finalising financing options and are confident that we will be able to resolve this short-term issue and secure the footing of an organisation that remains in a strong medium to long term position.
“But given the significant interest in the CBI right now, we are opening-up and refocusing our previously planned AGM .”
Reports have emerged in current weeks that the CBI is in search of to tie up its operations with Make UK, the commerce physique for UK producers.
Earlier this month, the our bodies had been reported to be in “early-stage discussions”, in response to Sky News.