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They did not set financial targets, but waited for 18 months before they transferred their shares to the women, who had by then proved their business credentials.
Under the Harvard plan, the corporate mothership would set financial targets and direct lobbying activity, but each division would essentially try to improve its own profitability in its own way.
"Increasingly high running costs have to be taken into account but as a not-for-profit trust our goal is to be able to invest in community leisure provision year on year and we set financial targets accordingly.
"A lot of people set financial targets.
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That is a sharp break with the traditional approach of drawing up a business plan, setting financial targets, building a finished product and then rolling out the business and hoping to succeed.
2. Set financial goals.
Set financial goals.
Help your child set financial goals.
If you don't set some financial targets for your business, investors won't be interested, and you won't know if you are making progress toward profitability and sustainability.
It set new financial targets such as return on equity of between 12.5% and 14.5% by 2014, and the aspiration to start paying a dividend again once the EU ban on such payouts is lifted next year.
This alone highlights the fundamental shortcomings in its investigation, which failed for example to address the question of who set the financial targets that the Corporate Division had to meet.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com