[16] Green was one of a number of former Carillion Directors described as "delusional characters" by House of Commons Select Committee Chairs Frank Field (Work and Pensions) and Rachel Reeves (Business, Energy and Industrial Strategy).
[17] After further documentation and correspondence was published by the select committees, Carillion directors bosses were described by MPs as "fantasists" chasing "a pot of gold",[18] with chairman Philip Green described by Rachel Reeves as having "either a woeful lack of leadership or no grip on reality", having advocated an "upbeat" messaging strategy five days before a profits warning.
[20] The report concluded: He interpreted his role as to be an unquestioning optimist, an outlook he maintained in a delusional, upbeat assessment of the company’s prospects only days before it began its public decline.
[21] The parliamentary process and findings have been questioned (by former Carillion directors) as lacking in objectivity and thoroughness, treating a highly complex situation in an incomplete manner.
As a result, the FCA said it had sent notices to some (unnamed) former Carillion directors warning of possible enforcement action (possible sanctions include public censure, fines and suspensions from holding certain positions).
[26] Green was appointed Commander of the Order of the British Empire (CBE) in the 2014 Birthday Honours for services to business and charity in the UK and South Africa.