MPs have approved a motion recommending former BHS owner Sir Philip Green should be stripped of his knighthood.
The proposal tabled in the Commons asked for the Honours Forfeiture Committee to recommend the billionaire businessman's knighthood is "cancelled and annulled".
MPs backed the non-binding motion unopposed, meaning no full vote was needed.
SNP MP Ian Blackford has said Sir Philip Green's apology over the collapse of BHS "is too little to late".
As MPs debated whether the former owner of the high street chain should be stripped off his knighthood, Mr Blackford said: "Sir Philip Green decided to say he is sad and very sorry for the hardship caused by the BHS collapse and that he still wants to sort out the pension deficit."
"Green has still tried to defend the indefensible and duck his duties to workers by shifting the blame," he added.
Mr Blackford also warned the Government not to think "it can walk away" from its responsibilities to effectively regulate business and pensions schemes.
He added: "While Sir Philip Green's hand's are filthy, the Tory government's paws are not so clean either."
Given that the unanimous vote by MPs today was not binding, what are the chances of Sir Philip Green being stripped of his knighthood?
What Green did is not unique. He is a one-man version of the very substantial and global private-equity industry.
Sir Philip Green said he wanted to "sort" the BHS pensions scheme months ago but regulators say they are yet to receive a "credible" offer.