Lord Ryder: "We have begun to implement major reforms"
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The BBC governors have said it is time for the corporation to move forward following Greg Dyke's resignation.
The director general quit in the wake of Lord Hutton's damning verdict on the BBC's Iraq weapons dossier story.
In a statement on behalf of the governors, acting chairman Lord Ryder apologised unreservedly for any errors.
"We have begun to implement major reforms, including outside journalism, compliance systems, editorial processes and training of new recruits," he said.
Lord Hutton's report, published on Wednesday, had "highlighted serious defects in the corporation's processes and procedures," the statement added.
"I have no hesitation in apologising unreservedly for our errors and to the individuals whose reputations were affected by them," Lord Ryder said
But he added: "The BBC must now move forward."
The reforms already begun following Lord Hutton's inquiry and "other actions arising from the Hutton Report" would be completed by Mr Dyke's deputy, Mark Byford, who has been appointed as acting director general until a successor is chosen, Lord Ryder said.
The corporation owed both Mr Dyke and Mr Davies a "debt of thanks", he added.
"The manner of their departures demonstrates the integrity of both men."
Mr Byford said he was looking forward to working with the governors to ensure the BBC "emerges from this difficult time a strong, independent and vibrant organisation, building on the legacy Greg has left behind".
He added: "I recognise it is now my task as acting director-general to lead the organisation through what is a very turbulent period.
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THE HUTTON REPORT
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"We must now study the Hutton report carefully, learn appropriate lessons and implement relevant measures.
"The BBC must provide high quality, independent, impartial journalism, recognised for its accuracy, fairness and objectivity.
"It must be recognised in the UK and around the world for trusted, reliable, authoritative news; intelligent discussion and debate; and courageous investigative journalism set within a rigorous and robust editorial framework.
"Creativity is the heart of the organisation and we must strive to promote high quality, innovation and ambition in all we do, serving audiences as a beacon of public service broadcasting."
Mr Byford also paid tribute to Mr Dyke.
"Greg has brought tremendous dynamism, energy and drive and is hugely respected by all the staff at all levels throughout the organisation and is recognised for his warmth, integrity and talent," he said.
"Like all colleagues in the BBC I am shocked and saddened at his departure."