The founder and former trustees of failed charity Kids Company face a ban on serving as company directors.
Founder Camila Batmanghelidjh, ex-BBC creative director Alan Yentob and former WH Smith CEO Richard Handover are among those in the firing line for disqualification proceedings, Sky News reported today.
The government’s Insolvency Service wrote to lawyers representing the former board members to warn them of the move. The service has the power to ban individuals from directorships for up to 15 years.
The collapse of Kids Company in the summer of 2015 brought to light allegations of financial mismanagement, only months after then Prime Minister David Cameron backed a £3m government grant for the charity.
A subsequent report by the Commons public administration and constitutional affairs committee slammed the “catalogie of failures” in the running of the charity. MPs called for reform to the regulation of charities and government grants.
A separate Charity Commission inquiry into Kids Company, opened in 2015, is still ongoing.