So What Can The Government Do About Sir Philip Green?

The BHS saga has led to teeth-baring and cage rattling from MPs (BSE: MPSLTD.BO - news) , but there's little they can do to disrupt the holiday plans of Sir Philip Green.

So it's left to the likes of Sky News' correspondent David Bowden to ask the questions many of the company's thousands of pension fund members would like answered of their former boss.

When Sir Philip threatened to throw our camera into the Med, one BHS worker tweeted it was his knighthood they'd like to see consigned to the water.

:: Sir Philip Urged To Stop 'Swanning About'

The billionaire promised he was working on a solution to fill the £571m hole in the pension fund, but since his fiery appearance before the Business, Innovation and Skills committee nothing has been floated apart from his expensive yacht.

That will leave other pension contributors on the hook to ensure former employees aren't left penniless, if the Pension Protection Fund has to bailout the fund.

Iain Wright MP, who chairs the BIS committee, admits there's little he can do to compel the businessman to drop anchor and launch a lifeboat to the 20,000 affected.

While acknowledging that Sir Philip has done nothing illegal, Mr Wright said the law must be re-examined to give parliamentary watchdogs some dentures.

"How is it allowed that someone can take money out of business, hundreds of millions of pounds for themselves and their families, at the same time as they see the pension fund move from surplus to deficit?" he asked.

:: Go Away! Sir Philip Green's Anger At BHS Questions

That the head of the Pension Regulator admitted the first she heard about the collapse of BHS was by reading the newspapers, doesn't inspire confidence.

But the BIS committee chairman says Parliament should urgently look at increasing its power to enforce good practice in the area of corporate governance.

It would be sailing into choppy waters: increasing regulatory powers to protect pension funds could make companies more wary about buying up struggling businesses.

Business experts warn that could endanger jobs, not throw them a lifeline.

But government has been eager in the past to put ineffective regulators out of their misery: the Financial Services Authority was torpedoed in 2013 to be replaced by the Financial Conduct Authority and the Prudential Regulatory Authority.

Perhaps Sir Philip might find it isn't just persistent journalists forcing him to answer questions about his intentions.

In the meantime, the fourth estate must do the leg work: as Mr Wright told Sky News: "We don't want this story to go away."