The joint report by two parliamentary select committees into the collapse of the BHS retail chain could hardly have been more devastating. It was “the culmination of a sorry litany of failures of corporate governance and greed” – a judgement which neatly identifies both the systemic and the moral factors involved. Sir Philip Green, knighted in 2006 for his services to the retail industry, is accused of draining the financial lifeblood out of the company for his and his family’s personal enrichment, and then walking away leaving a deficit of more than £500 million in the company pension fund.