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The Effective Non-Executive Director – London 6 November 2019 @ Institute of Directors
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Thomas Cook: NEDonBoard press release

By Rachel

On Monday 23rd September, Thomas Cook entered into liquidation, impacting hundreds of customers leaving them without flights and holidays as well as lenders, suppliers, partners, landlords of the high-street shops, employees (21,000 of them) and pensioners. Like other corporate failures and collapses, questions have emerged around: The role of the board, senior executive team and NEDs in the collapse as Thomas Cook expanded rapidly and the expansion was largely financed by debt. The role of the auditors. EY signed off on the 2018 accounts as a going concern. The FRC opened an investigation, which may expand to PwC, prior auditors (more…) …read more

Read more here:: Thomas Cook: NEDonBoard press release

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