8Corporate Governance
Responsibilities of Directors
In Carillion’s 2016 report and accounts, the company said, ‘Our commitment to business integrity, safety, strong governance, and sustainability remains a key strength of our business.’ In hindsight, there are clearly questions about the honesty of that statement.
Earlier, we looked at corporate governance issues and the responsibilities of company directors. The well-established law says that directors have to behave in a way that is prudent, attend to the needs of multiple stakeholders, and consider the long-term success of the enterprise. The Institute of Chartered Accountants describes the responsibility of directors as ‘to facilitate effective, entrepreneurial ...
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