By Richard Naish

On 26 August 2018 the Department for Business, Energy & Industrial Strategy (BEIS) published the government’s response to its consultation seeking views on proposals to improve the corporate governance of companies that are in or are approaching insolvency.

In March 2018 the government launched a consultation which looked at ways to reduce the risk of major company failures occurring through shortcomings of governance or stewardship, and to strengthen the responsibilities of directors of companies which are in or are approaching insolvency. The consultation also explored options to improve the government’s investigatory powers when things go wrong.