Prem Sikka
Corporations rely on a healthy functioning society but think they shouldn’t have to pay for it
And acting on this neo-liberal view, the Tory government are all too happy to cut their taxes.
We may see more Carillion-style collapses and it’s because of this outdated financial model
Like companies the world over, Carillion used Black-Scholes to value securities – a highly risky piece of maths vulnerable to market crashes.
A crisis is building around employee pensions and the government are ignoring it
Carillion is just the latest company to jettison its pension liabilities whilst its directors and shareholders make off with the assets.
Carillion could be the spur to radically reform company law. Here’s what’s at stake
Parliament will grill Carillion bosses tomorrow - they may use the opportunity to look at corporate law overall.
The Carillion scandal shows it’s time to end the stitch-up of ‘commercial sensitivity’
To spot disasters before they occur, we need to reform our laws on corporate confidentiality.
The role of accountancy firms in Carillion’s collapse is bigger than we thought
Serious questions need to be asked over the Big Four's advice to Carillion as a crisis brewed.