Kids Company: Passion Overruled Reason

Alicia Micklethwait and Patricia Dimond

Chapter 7 in Driven to the Brink, 2017, pp 139-156 from Palgrave Macmillan

Abstract: Abstract It was July 2015 and panic was mounting at the offices of Kids Company, the charity for vulnerable children, because there was not enough cash to pay salaries that month. Within a few days, management heaved a collective sigh of relief as a long-negotiated £3 million grant from central government arrived and the wages were paid. But just hours later, allegations of child abuse at Kids Company were handed to the BBC, which set off an investigation by the Metropolitan Police. Donors withdrew their support. The charity was forced to close as tearful children gathered outside the drop-in centres and staff distributed whatever food and goods were left.

Keywords: Corporate Governance; Government Grant; Corporate Governance Code; Reserve Policy; Private Equity Firm (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-59053-4_7

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DOI: 10.1057/978-1-137-59053-4_7

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