The UK government has launched a legal bid to ban eight former Carillion directors from holding senior boardroom positions, almost three years on from the collapse of the outsourcing business.
The Insolvency Service, which handles corporate collapses, said it was seeking to disqualify the directors in the public interest, in a move that could result in them being banned from acting as UK company directors or in senior management for between two and 15 years each.
The legal action, launched by the new business secretary, Kwasi Kwarteng, comes within days of the three-year anniversary of the companys collapse, when more than 3,000 jobs were lost and 450 public sector projects including hospitals, schools and prisons were plunged into crisis….
Read the full article at: https://www.theguardian.com/business/2021/jan/13/legal-bid-launched-ban-ex-carillion-directors-top-boardroom-roles