Members of the parliamentary Business, Energy and Industrial Strategy have written a letter to the secretary of state for the area, Andrea Leadsom, with a list of findings and recommendations that arose from the Cook inquiry.
These include stronger mechanisms to “claw back” large director bonuses; binding agreements from lenders to support people made unemployed through a company’s insolvency; and greater diversity of a company’s board members.
The report also criticised the current use of goodwill and potential conflicts of interests in the financial auditing process.
