Originally Posted by
mikemmb
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!
But the Insolvency Service would overrule any internal contract and their directorships wouldn't be protected if the IS can prove they were trading insolvently which it looks like they may have been. If they carried on trading when they knew they couldn't cover the bills then they can be fined/banned etc.