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Ex-employees question returning Collar to CEO's control

As creditors consider whether to accept a deed of company arrangement or send Collar Talent Group into liquidation, Shortlist takes a deep dive into what the administrators have reported so far about its financial management.

As reported yesterday, Collar CEO Ephram Stephenson has proposed a $6.2 million deed of company arrangement that would see unsecured creditors receive just nine cents for every dollar they're owed, while former and current employees would receive their full entitlements.

If the deed is accepted, Stephenson will resume control of the company. Administrators are recommending this outcome, at the same time as stating that Stephenson potentially breached his duties as a director...