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Good governance is key to corporate success: Lessons from Carillion fall
A worker takes down a sign showing the name of liquidated British construction and outsourcing group Carillion from a construction crane on a building site in the City of London on January 23, 2017.
The collapse of Carillion is an epilogue to what was one of the biggest corporate collapse stories of the 2010s. It hit major news headlines in Britain, given the number of public contracts Carillion was entrusted with —more than 450 in total—including hospitals, bypasses, tram networks and rail links.
Many of them saw serious delays because of Carillion’s collapse. It was estimated that it would end up costing the UK’s taxpayers £148 million.
