Note sull'episodio
In this podcast episode, Matt Masters interviews Max Caller, an esteemed figure with over 50 years of experience in local government. Caller has presided over best-value inspections and turnaround efforts for various councils. Let’s delve into the key points:
- Characteristics of Councils in Financial Distress:
- Weak Governance: Caller emphasizes that every council’s path to financial distress is unique, but they all share significant weaknesses in governance. These weaknesses often manifest in poor reporting mechanisms, lack of scrutiny, and an environment where staff hesitate to raise concerns.
- Investment Decisions: Councils facing financial trouble often make risky investments. For instance, Slough issued a section 114 notice due to over ...