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Law and the Media
                         Have an independent chairman and no more than 12 members, with smaller
                         complaints committees
                         Have clear conciliation and adjudication procedures, with a fast-track procedure
                         for the correction of significant factual errors
                         Not operate a waiver of legal rights as a required prerequisite to having a complaint
                         heard.

                Finally, Calcutt recommended that:


                     If the industry wishes to maintain a system of non-statutory self-regulation, it must
                     demonstrate its commitment, in particular by providing the necessary money for
                     setting up and maintaining the Press Complaints Commission.

                The industry took the warnings to heart. Within a few months of the Calcutt Report, a Press
                Standards Board of Finance had been established. It eventually decreed that the Press
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                Complaints Commission should have an annual budget of £1 2 million, a fund that, of course,
                would be provided by the newspaper industry. In its last year of existence, the Press
                Council’s budget was £600 000.

                In October 1990, Lord McGregor of Durris, who in 1977 chaired the  Third Royal
                Commission on the Press, was appointed the first Chairman of the proposed Press
                Complaints Commission.

                By mid-December a Code of Practice was issued, and two days after Christmas the names
                of the Commission’s 16 members were announced. They included seven current editors of
                newspapers or magazines, the executive  Vice-Chairman of  Times Newspapers, a former
                editor-in-chief of the Press Association, and a former Northern Ireland Secretary.

                Public confidence in the effectiveness of press self-regulation was firmly established by
                1995.  That year, the  News of the World published a picture of Countess Spencer, the
                stepmother of the Princess of  Wales, in clear breach of the Code of Practice. Rupert
                Murdoch, whose Fox Corporation owned the News of the World, publicly condemned the
                editor. This condemnation dispelled any doubts in the mind of the public as to whether the
                Code of Practice was taken seriously by the press. Since then, the public has been able to
                complain in the confidence that they will be taken seriously by the party against whom they
                are complaining.


                17.3 The Press Complaints Commission


                17.3.1 Structure

                The cornerstone of the newspaper industry’s system of self-regulation is the Press Standards
                Board of Finance Ltd (Presbof). Presbof was incorporated as the representative body of the
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