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<p>The Government regularly consults with and discusses matters of policy with a wide
range of stakeholders in order to deliver effective, evidence-based reforms. This
reflects the Government’s commitment to open and consultative policy making.</p><p>
</p><p>In August 2018 the Government published its response to the 2016 ‘Review of
the Corporate Insolvency Framework’ consultation and 2018 ‘Insolvency and Corporate
Governance’ consultation. The Government outlined in its response its intention to
proceed with a comprehensive package of reforms aimed at improving the prospects of
company rescue for financially distressed companies, while improving corporate governance
to ensure those affected by a company’s financial difficulties are treated fairly.</p><p>
</p><p>Since publication of the response, officials have continued to consult with
a range of interested parties, including representatives from the insolvency and restructuring
profession, on the detail of the proposed reforms.</p><p> </p>
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