- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
In an almost carbon copy of the Carillion collapse, peer contracting firm Interserve went into administration on Friday due to a majority of its shareholders rebelling against a debt cancellation deal that would have seen their investment at even lower levels than the deal that was finally agreed to.
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The Chartered Institute of Internal Auditors announced the publication of new guidance intended to serve as an industry benchmark to improve the effectiveness of internal audit functions.
Only half of U.K. company secretaries feel that the level of service their organisations get from their external auditor has improved in the wake of the Carillion crisis and other corporate governance scandals.
The collapse of U.K. construction firm Carillion points to a need for compliance to step up to the plate and conduct its own due diligence, regardless of where the markets may lead.
P&O Ferries’ dismissal of 800 workers with immediate effect via prerecorded video before consulting unions or employees has united U.K. politicians of all parties to condemn the company. One problem: Its actions appear to be largely legal.
E-commerce giant Amazon has shut up shop in France because the cost of compliance with the country’s COVID-19 emergency measures is deemed to be too high.
European businesses may be putting themselves at risk because they mistakenly believe regulators are prepared to loosen the rules so companies can operate more easily as the coronavirus pandemic lingers on.
