News

Carillion directors face MPs’ grilling

6 February 2018 | By Will Mann

The former directors of Carillion are being questioned by MPs today over the collapse of the UK’s second biggest construction company.

The Work and Pensions Committee and the Business, Energy and Industrial Strategy Committee is grilling the directors on the culture, governance, business model and operations of the company, while the chair of its remuneration committee is also appearing.

Facing the MPs’ committees are:

The directors will be questioned on: the foreseeability of collapse; their accounting practices; risky contracts; levels of borrowing; dividends, salary and bonus pay outs; and the massive pension deficit, which increased substantially over a 10-year period.

Leave a comment