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\u2019s commitment to open and consultative policy making.<\/p>
<\/p>
In August 2018 the Government published its response to the 2016 \u2018Review of the Corporate Insolvency Framework\u2019 consultation and 2018 \u2018Insolvency and Corporate Governance\u2019 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\u2019s financial difficulties are treated fairly.<\/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>
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