Honourable tradition?
Davies resigned at 1700GMT following criticism of the governors' role in the Dr Kelly affair.

He told fellow governors: "I have been brought up to believe that you cannot choose your own referee, and that the referee's decision is final.

"There is an honourable tradition in British public life that those charged with authority at the top of an organisation should accept responsibility for what happens in that organisation.

"I am therefore writing to the prime minister today to tender my resignation as chairman of the BBC, with immediate effect."

The governors accepted his decision with "great reluctance and regret".
BBC