Welcome to Yorkshire Chairman of the Board resigns

Welcome to Yorkshire's Chairman of the Board, Ron McMillan has resigned as an independent investigation into expenses and procedures has commenced.

McMillan will be replaced in the interim by current board member Keith Stewart, until the outcomes of the investigations are known.

Two independent professional services businesses to undertake separate investigations into expenses and the culture, governance procedures and management of the organisation following the departure ofCEO Sir Gary Verity.

The investigation into expenses will be undertaken by independent forensic accountants BDO and by external lawyers Clarion into the culture, governance, procedures and management.

It's hoped that both investigations will be completed by the end of June2019.

A report outlining the key themes, findings and recommendations will be made publicly available