Tag: Carillion
Financial Reporting Council to face ‘competency inquiry’ by government
The Financial Reporting Council faces a government-backed independent inquiry into its operations, as revealed during the Carillion investigation.
Former FDs at Carillion face probe over financial statements
Former group finance directors at Carillion are under investigation for financial statements between 2014-2017.
Carillion collapse reveals gaps in supply chain accounting
Moody’s says Carillion’s accounting treatment of supply chain finance failed to reveal the true extent of money owed to banks.
Carillion chairman ‘lacked even a tenuous grasp’ on its position
A failure to gain sponsor support for fundraising just days before last summer’s huge profit warning at Carillion didn’t deter its chairman supporting an “upbeat assessment” of the business.
Could a revised governance code offer broader scope?
A revision of the UK’s Corporate Governance Code is out for consultation. Will it bring a halt to corporate scandal, and does it promise a bigger, broader objective?
Board moves at Helical, Victrex and Future
Mike Slade to leave Helical after 34 years as part of a board reshuffle; Carillion woes see Andrew Dougal leave Victrex; and former YouGov CFO joins Future.
Ex-Carillion chairman takes ‘full responsibility’ as directors grilled
Philip Green admits responsibility for Carillion’s insolvency, as former directors face tough questions from MPs in a committee hearing.
How good board communication can mitigate risk
The growing need for corporate accountability has shown how up-to-date, accessible information is crucial for directors—enter the digital board pack.
ISS advocates AGM vote abstention for ex-Carillion audit chair Andrew Dougal
Governance adviser ISS recommends to clients they abstain from voting in favour of Andrew Dougal’s reappointment at Victrex, until his role in Carillion’s collapse is clarified.
Watchdog to probe KPMG over its audit of Carillion
The watchdog overseeing the Carillion audit reveals that it will examine the work of KPMG as auditor of the collapsed construction company.