News That Matters

Tag: ministers&#039

Revealed: Carillion link to ministers' board reforms

Revealed: Carillion link to ministers' board reforms

Business
Ministers want the chairman of one of Britain's biggest construction‎ groups to spearhead a new corporate governance code for private companies - even as the sector draws intense scrutiny in the wake of Carillion's liquidation.Sky News has learnt that Greg Clark, the Business Secretary, has been asked to sign off the appointment of James Wates to lead the review.City sources said that Mr Wates, who has chaired Wates Group‎ since 2013, was expected to have been named by the Department for Business, Energy and Industrial Strategy (BEIS) in the last few days.They said this weekend that an announcement had been delayed because of the collapse of Carillion, with ministers scrambling to contain the fallout from one of Britain's most significant insolvencies for decades.Although Wates is one of t