Sifting through the rubble of the once powerful company that was Carillion, there are plenty of aspects of poor corporate behaviour on show.

Much has been made of the low ball deals that were executed in a desperate attempt to make up lost ground, but there are plenty of others examples of bad practice that are instructive to finance chiefs.

Take the approach to M&A. Many of the acquisitions to beef up Carillion were characterised by poor judgement- featuring limited levels of due diligence (an area we will consider in more detail shortly).

Another key area that we focus on today is the weakness of corporate governance- resulting in a failure to put the brakes on corporate overreach.

Every finance director will recognise the importance of getting these elements right- and the disastrous consequences of failing to do so!