BEIS Committee begins Thomas Cook inquiry
Retrieved on:
Friday, October 11, 2019
The BEIS Committees inquiry is focussing on issues around the stewardship of the company, executive remuneration, accounting practices and the role of auditors.
Key Points:
- The BEIS Committees inquiry is focussing on issues around the stewardship of the company, executive remuneration, accounting practices and the role of auditors.
- Tuesday mornings evidence hearing is expected to focus on questions around Thomas Cooks rescue plan, corporate governance and the role of the Thomas Cook board, the debt taken on by the company, accounting practices, and the setting of CEO pay.
- In future weeks, the Committee will question Thomas Cook auditors PwC and EY (on Tuesday 22nd October), the Financial Reporting Council and Insolvency Service, former Thomas Cook CFO Bill Scott, and former CEOs Harriet Green and Manny Fontenla-Novoa (dates tbc).
- The Committee will also hear from witnesses including Manuel Cortes, General Secretary, TSSA.