Against the dramatic background of one of Scotland's most hair-raising industrial standoffs of recent years, the Institute of Directors gathers at Gleneagles on Friday to talk on the timely themes of Better Directors, Better Business and a Better Economy.

Participants include Jayne-Anne Gadhia, chief executive of Virgin Money, Sheila Fleet OBE, founder of Sheila Fleet Jewellery, Bill Morris, events advisor to the International Olympic Committee and Stephen Glancey, head of the Magners and Tenants drinks group C&C Group.

IoD Scotland director David Watt conceded that Grangemouth would be a great close-at-hand case study, but that the business of the day will be learning about how business leaders can work with employees to cut their cloth according to the new realities of international business that entrapped Ineos and Unite so spectacularly.