Blame the deluded board members for Carillion's collapse

https://www.theguardian.com/business/nils-pratley-on-finance/2018/jan/15/blame-the-board-for-the-carillion-collapse-it-was-deluded

Chairman Philip Green should have spent less time wondering about the long-terms risks from Brexit and more time addressing the upfront and present dangers from cost over-runs on three big jobs: new hospitals in Liverpool and Smethwick plus the Aberdeen bypass.
The walk-on role played the auditors, KPMG, will go under the Financial Reporting Council’s microscope in due course. But the hard fact is that Carillion directors were boasting in March last year of having “substantial liquidity with some £1.5bn of available funding” yet the company ran out of money 10 months later.