KPMG and NatWest Rejoin CBI Amid Recovery Efforts

In the United Kingdom, KPMG and NatWest Group have rejoined the Confederation of British Industry (CBI) as full members after an 18-month suspension due to a sexual misconduct crisis that nearly led to the organization's collapse. This return marks a significant step for the CBI, which has been working to restore its influence in government and regain the trust of its members. Alongside KPMG and NatWest, the City law firm Addleshaw Goddard has also resumed its membership, indicating a potential recovery for the lobbying group. Other companies, including AstraZeneca, Drax Group, and Unilever, have also returned to the CBI in recent months. However, Aviva, a major insurer, has declined to rejoin despite efforts from CBI chairman Sir Rupert Soames. The CBI's crisis necessitated financial support from banks like NatWest, highlighting the organization's precarious position. In response to the turmoil, the CBI has initiated a radical restructuring, which includes workforce reductions and the closure of several overseas offices. The upcoming annual meeting will provide members with insights into the CBI's financial state and future direction. The organization had previously considered a merger with Make UK, but those discussions were ultimately abandoned. As the CBI seeks to rebuild its reputation and influence, the return of these corporate giants is a positive sign for its future.