Convicted knight may give up honour before PM acts  By Matthew
Backhouse, Claire Trevett  Former Lombard Finance director Sir
Douglas Graham. Photo / Mark Mitchell Former Lombard Finance
director Sir Douglas Graham. Photo / Mark Mitchell  Prime
Minister John Key will wait to see whether Sir Douglas Graham
takes a further appeal against his conviction before he
considers whether to strip Sir Douglas of his knighthood, and
there is speculation that Sir Douglas could take the decision
out of his hands by offering to surrender it.  The Court of
Appeal yesterday upheld the conviction of the four Lombard
directors after they failed to include important information
about Lombard's position in offer documents in December 2007.
The court also added home detention to the sentences handed down
to the directors, Sir Douglas, Lawrence Bryant, Michael Reeves
and Bill Jeffries, also a former justice minister.  Some of
those who lost money in the collapse of Lombard have called for
Sir Douglas to lose his knighthood. Mr Key