Carillion’s collapse provides important corporate governance lessons

Name: 4.07.2023 Hybrid: Intersection of AI, cyber and climate risk
Start: 2023-07-04T17:30:00+01:00
End: 2023-07-04T20:00:00+01:00
Location: London

July 6, 2018Corporate governance failure, For the Board, Governance, Non-Executive Director, Non-Executive Director JobBy Team NEDonBoard

On 15 January 2018 Carillion plc was forced into liquidation. Prior to its demise, Carillion was a multinational construction services and facilities management company with headquarters in Wolverhampton, United Kingdom. Carillion, prior to its liquidation, had liabilities of about £7 billion, was the second largest construction company in the UK, was listed on the London Stock Exchange, and employed about 43,000 individuals. Carillion’s failure resulted in project delays and terminations, job losses for its employees and suppliers, and financial losses to its partners, investors, lenders, suppliers, and pensioners. The final report of a Parliamentary inquiry described Carillion’s insolvency as “a

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