Brian Griffiths, Baron Griffiths of Fforestfach
The Lord Griffiths of Fforestfach
|Member of the House of Lords|
|Assumed office |
5 February 1991
|Born||27 December 1941|
|Education||Dynevor School, Swansea|
London School of Economics
He was an Adviser to Prime Minister Margaret Thatcher. In 1986, while Dean of the City University Business School, he resigned his chair to become her chief policy adviser. He was raised to the peerage as Baron Griffiths, of Fforestfach in the County of West Glamorgan in 1991.
He was Chairman of the Centre for Policy Studies from 1991 to 2001. He served on the Board of Directors of the Conservative Christian Fellowship from 2000 to 2002. He was a member of the European Union Sub-Committee F (Social Affairs, Education and Home Affairs) from 1999 to 2003 and the Religious Offences Committee from 2002 to 2003. He is a Vice-President of the Nature in Art Trust.
He serves as Vice-Chairman of Goldman Sachs International. He said he was “not ashamed” of the bank's compensation plans. He also said the issue of banking compensation should not be thought about solely from a short-term perspective. He defended the bank’s bonuses, Griffiths said the general public should “tolerate the inequality as a way to achieve greater prosperity for all”, saying also that “we should not ... be ashamed of offering compensation in an internationally competitive market which ensures the bank businesses here and employs British people”.
In August 2019 Griffiths was criminally charged with defrauding the Malaysian government for his alleged role in the 1MDB scandal. If convicted, he could be sentenced to up to 10 years in jail.
- "A history of City University London".
- "Nature in Art - Trust". Nature in Art Trust. Archived from the original on 9 May 2010. Retrieved 23 March 2010.
- James Quinn and James Hall, "Goldman Sachs vice-chairman says: 'Learn to tolerate inequality'", The Telegraph, 21 October 2009.
- "Malaysia charges Goldman Sachs executives over 1MDB scandal". Financial Times. 9 August 2019.
- "1MDB: AGC files additional charges against 17 individuals". Bernama. 9 August 2019.