just the latest of many, many
tributes to senatorjohn mccain, who
has died in the united states at the
age of 81.
directors who dissolve companies
to avoid paying workers‘ wages
or pensions could face heavy fines
or be band from running firms,
under government proposals.
ministers are planning
changes in the wake
of what they describe as "recent
large—scale business failures".
here‘s our business
correspondent, jonty bloom.
bhs went to the wall in 2016
with a huge hole in its pension fund
yet had been a highly profitable
com pa ny yea rs before
and its directors continued to be
highly paid, as the company fell
to pieces around them.
no laws were broken,
but shareholders and suppliers lost
millions, while workers
lost theirjobs and their
pensions were cut.
now, the government has announced
measures to try to restore faith
in the management of companies,
including plans to disqualify
and fine directors,
if they deliberately dissolve
companies to avoid paying bills.
it also wants company...