The report of Lord Justice Brian Leveson
's 16-month-long inquiry into "the culture, practices and ethics" of the British press was released Thursday. Here's the report
and the summary
The report proposes "independent regulation of the press organized by the press itself
," Leveson said while introducing the report this morning.
In the report, Leveson recommends "An independent self regulatory body...governed by an independent Board." The board would "not include any serving editor" and "not include any serving member of the House of Commons or any member of the Government," the report says. The board must write a standards code and "require all those who subscribe to have an adequate and speedy complaint handling mechanism." The board "should not have the power to prevent publication of any material, by anyone, at any time" and "should have the power to impose appropriate and proportionate sanctions, (including financial sanctions up to 1% of turnover with a maximum of £1m), on any subscriber found to be responsible for serious or systemic breaches of the standards code or governance requirements of the body."
Here's what else you need to know about it: