Aptitude tests not the final answer

Disgraced U.K. bank chair scored well on psychometric tests
By Sarah Dobson
|Canadian HR Reporter|Last Updated: 03/12/2014

It must have seemed like a good idea at the time — to somebody. Paul Flowers, a Methodist minister for more than 40 years, was hired in 2010 to be chair of the Co-operative Bank based in Manchester, U.K.

While Flowers had dabbled in banking many years before and served on boards, his banking experience was limited. Three years after he was hired, the Co-operative Bank was facing a capital shortfall of £1.5 billion ($2.7 billion Cdn) and Flowers was forced to resign while facing allegations of buying illegal drugs.

In giving evidence to parliament’s Treasury Select Committee in January, Flowers didn’t seem to understand the magnitude of the bank’s assets, loans or investments, according to media reports. So how did the reverend manage to assume such a prominent position in the first place?