عربي               | Wednesday 23 May, 2018

The General Directorate of Civil Defence

The General Directorate of Civil Defence

C ivil defence means taking necessary steps to protect civilians, ensuring the safety of the means of transport, protecting public buildings, facilities, organisations and projects as well as privat...

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World News

16 May 2018

Carillion bosses drove construction firm off a cliff, say MPs

BBC:

Carillion's board presided over a "rotten corporate culture" and was culpable for its "costly collapse", two committees of MPs have concluded.

They also called for a potential break-up of the big four audit firms, after they "waved though" the indebted construction firm's accounts.

And they attacked the government for lacking "decisiveness and bravery" to tackle corporate regulation failures.

They suggested the directors should now be banned from other company boards.

Carillion collapsed under a £1.5bn debt pile in January. It employed 43,000 people, about 20,000 of them in the UK, thousands of whom have lost their jobs.

 


It also held numerous public contracts, such as the maintenance of schools and prisons, all of which had to be brought under government control, at a cost to the taxpayer.

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