Disclosure of interest
Scottish Milk
It appears that Claymore banks with Bank of Scotland.
One of the members of the group, Peter Mackay, is a director of Bank
of Scotland's business banking division which deals with companies of
Claymore's size. Until that point, Mr Mackay was not aware that Claymore
was a client of the Bank of Scotland since his role as director does
not involve him in the details of individual cases.
The Commission is satisfied that no conflict of interest
arises in this case and that Mr Mackay's association with the Bank of
Scotland will not influence his judgment. However Mr Mackay will take
steps to ensure that no one at Bank of Scotland involves him in any business
concerning Claymore or any one else in the milk industry.
30 March 2000
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