The Work and Pensions Committee and the Business, Energy and Industrial Strategy Committee are starting a joint inquiry into the collapse of Carillion, which has left thousands of employees and pension scheme members in limbo.
The committees will be calling in a series of former directors of the outsourcing company, as well as the Insolvency Service and the Financial Reporting Council, with the first evidence session to take place next week.
MPs will scrutinise dividend payouts and how Carillion dealt with its pension scheme deficit. They will also look at the role of auditors KPMG, which had signed off on the company’s accounts.
Controversial changes made in 2016 regarding executive bonuses will also be investigated, although the government announced earlier this month that Carillion’s executives will not receive any bonuses or severance payments.
According to the committees, the inquiry will build on the Work and Pensions Committee’s inquiry into defined benefit pension schemes and the BEIS Committee’s work on corporate governance.
