George William Penrose, Lord Penrose
Encyclopedia
George William Penrose, Lord Penrose, PC
is a Scottish
judge
(from 1990) and member of the Privy Council
(from 2000) who sat in the Court of Session
, the supreme civil court. He is best known for heading the Penrose Inquiry into the near-collapse of the mutual life assurance company Equitable Life. In 2001, Lord Penrose was asked by the Treasury
to investigate the history of the company. His 818-page report was published on March 8, 2004.
Privy Council of the United Kingdom
Her Majesty's Most Honourable Privy Council, usually known simply as the Privy Council, is a formal body of advisers to the Sovereign in the United Kingdom...
is a Scottish
Scotland
Scotland is a country that is part of the United Kingdom. Occupying the northern third of the island of Great Britain, it shares a border with England to the south and is bounded by the North Sea to the east, the Atlantic Ocean to the north and west, and the North Channel and Irish Sea to the...
judge
Judge
A judge is a person who presides over court proceedings, either alone or as part of a panel of judges. The powers, functions, method of appointment, discipline, and training of judges vary widely across different jurisdictions. The judge is supposed to conduct the trial impartially and in an open...
(from 1990) and member of the Privy Council
Privy Council of the United Kingdom
Her Majesty's Most Honourable Privy Council, usually known simply as the Privy Council, is a formal body of advisers to the Sovereign in the United Kingdom...
(from 2000) who sat in the Court of Session
Court of Session
The Court of Session is the supreme civil court of Scotland, and constitutes part of the College of Justice. It sits in Parliament House in Edinburgh and is both a court of first instance and a court of appeal....
, the supreme civil court. He is best known for heading the Penrose Inquiry into the near-collapse of the mutual life assurance company Equitable Life. In 2001, Lord Penrose was asked by the Treasury
HM Treasury
HM Treasury, in full Her Majesty's Treasury, informally The Treasury, is the United Kingdom government department responsible for developing and executing the British government's public finance policy and economic policy...
to investigate the history of the company. His 818-page report was published on March 8, 2004.
External links
- "Q&A: Penrose Inquiry" on the BBC News website, dated March 8, 2004
- "Timeline: Equitable Life scandal" on the BBC News website, dated March 8, 2004