Richard Sharp has resigned as BBC chair after a report by Adam Heppinstall found he breached the governance code for public appointments.
He became embroiled in a cronyism row earlier this year over helping then-prime minister Boris Johnson secure an £800,000 loan facility in 2020.
“Mr Heppinstall’s view is that while I did breach the governance code for public appointments, he states that a breach does not necessarily invalidate an appointment,” Mr Sharp said in a statement.
“Nevertheless, I have decided that it is right to prioritise the interests of the BBC.”