The former directors of Carillion who appeared before the joint Work and Pensions and Business, Energy and Industrial Strategy Committees inquiry into the company’s collapse last month were labelled as “delusional” by its co-chairs Frank Field MP and Rachel Reeves …
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The House of Commons’ Work and Pensions and Business, Energy and Industrial Strategy Committees have launched a joint inquiry into the collapse of construction firm Carillion.
The select committees said they would be investigating how a company that was …
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The collapse of Carillion raises concerns not only about corporate governance at the firm and KPMG’s audit, but also how the directors were able to get changes to their pay passed the vote. Speaking in The Guardian on Saturday (20-Jan-18), …
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Brazilian oil and gas company, Petrobras, has signed an agreement to settle a securities class action lawsuit filed in the US in which the lead plaintiff was UK pension fund, the Universities Superannuation Scheme (USS).
Under the settlement, Petrobras agreed …
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The chairman of housebuilding company, Persimmon, Nicholas Wrigley is to step down from his post once a successor has been found and Jonathan Davie, senior independent director and chairman of the remuneration committee resigned after taking responsibility for the …
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Markus Jooste, the chief executive of the global retail group, Steinhoff, which owns Poundland, Bensons for Beds and Pep & Co in the UK, has resigned after accounting irregularities were uncovered at the company.
The company’s supervisory board has engaged …
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Although studies have shown that organisations with strong, positive cultures have been shown to outperform their peers and the absence of a healthy culture can create or exacerbate significant risks, the National Association of Corporate Directors’ (NACD) 2017 Blue Ribbon …
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Japanese company Kobe Steel this week said it had received a request from US judicial administrative authorities for documents following its admission earlier this month that the company had been falsifying data about its metal products for several years and
Anglo-Australian mining giant Rio Tinto has been fined £27m by the Financial Conduct Authority (FCA) for breaching UK disclosure rules while the US Securities & Exchange Commission has charged the company and former executives with fraud in relation to the