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9th April, 2018 by Morris Peacock
Following on from a number of recent high profile corporate failures, the Government has issued a consultation focused on specific issues concerning companies which are insolvent or approaching insolvency.
Below is a summary of the areas under consultation. The full consultation can be found here.
Morris Peacock, an insolvency partner at Howes Percival, comments:
“Following measures announced in 2017 relating to executive pay, the introduction of employee stakeholders and greater transparency, the Government has set out a number of potential measures to tackle perceived irresponsible conduct by the directors of a company that is either insolvent or facing insolvency. Such conduct can have an adverse knock on effect on any business and the consultation documents state that it is specifically seeking to ‘ensure the highest standards of behaviour in those who lead and control companies in, or approaching, insolvency’.”
Responses to the consultation can be sent to [javascript protected email address] and the closing date is 11 June 2018.
To contact us, please fill out this form and we will get back in touch as soon as possible.
Your personal data will be processed in accordance with our privacy policy which can be found here.