PPRuNe Forums - View Single Post - Defence support contractor Carillion fighting to stay afloat
Old 3rd Feb 2018, 18:59
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mikemmb
 
Join Date: Nov 2008
Location: Newark'ish
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Just read that there may be some justice in the Carillion debacle, apparently in the event of the company going bust the men in big suites have a contract clause which means they have to give any dubious money back.............!

"Carillion introduced the “clawback” provision as part of its pay policy in 2014 that would allow the company to demand executives return cash and share bonuses for up to two years after payment – a move it said brought the business in line with the updated UK Corporate Governance Code"

OH NO! .........You are not going to believe this but reading the article further, by an amazing coincidence the carillion remuneration board subsequently changed the rules on this so that "wrongdoing" has to be proved before ill gotten gains have to be returned! Who would have believed it?

Still its good news for manufacturers of Pig Troughs, Snoughts for the use of!
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