Carillion disqualification proceedings dropped – but where next for NEDs?

Lois Horne, Mark Edwardes Jones, Noel Newman and Madeleine Brown of Macfarlanes explain why the Insolvency Service’s decision to drop the Carillion case at the last minute has intensified calls for new standards in respect of NEDs to be codified, and why the case may be of limited comfort to NEDs, particularly those in high-profile roles or boards of companies in financial distress.

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