FRED Goodwin has avoided the further humiliation of losing his fellowship of one of Scotland's most august bodies after the governing council of the Royal Society of Edinburgh decided unanimously not to expel the ex-chief executive of the Royal Bank of Scotland from its ranks.
FRED GOODWIN: Was stripped of his knighthood last month.
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MICHAEL SETTLE UK POLITICAL EDITOR
However, the 13-strong council of the RSE declined to give any explanation for its decision not to blackball Mr Goodwin, who was stripped of his knighthood last month.
The issue of the former banker's fellowship was put on the agenda of the RSE council's meeting on Monday by Sir John Arbuthnott, its president, following a report by the Financial Services Authority, which was critical of RBS's management under Mr Goodwin.
