Richard Adam (born November 1957)[1] is an English chartered accountant and businessman particularly associated with the financial management of media, construction and property-related companies.
[16] On 6 August 2018, at the end of "the largest ever trading liquidation in the UK", the Official Receiver said investigations into the cause of the company's failure, including the conduct of its directors, continued.
[18] The committees' response said the presented evidence led them to this "inescapable conclusion", which was "entirely in keeping with the Carillion board’s short-termist, cash-chasing, dividend-plumping approach.
"[19] In a Channel 4 Dispatches programme aired on 22 August 2018, Adam was criticised by former Carillion head of recruitment Jon Hull for creating "a culture of fear and confusion" and described as "very aloof ... very controlling".
[20] The parliamentary process and findings have been questioned by former Carillion executives 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).