"As Chairman of the Press Complaints Commission for the past seven years, I am only too aware of the damage that can be done to individuals and institutions that are thrust into the public spotlight.

"Since the collapse of Enron, I have been unable to make any statement or undertake any interviews on the subject for legal reasons. I am conscious that some see this position as incompatible with the Chairmanship of the Commission.

"I am very proud of everything we have achieved at the PCC and do not wish it to be damaged by continuing short-term speculation.

"I therefore see it as a matter of honour to stand aside temporarily from the Chairmanship of the Commission until the report of the Independent Investigating Committee of Enron is published and evaluated. I am co-operating actively with these inquiries.

"I will not be making any further statement."