Three-quarters of audits for PLCs that subsequently went under did not raise the alarm, Sheffield University research reveals.

Boards and creditors need to know the ins and outs of insolvency and what happens before, during and after an administration sale.

Survey by Marsh finds that D&O insurance prices rose 24% in the fourth quarter of 2021, compared with hikes of 61% in Q3 and 92% in Q2.

Big brands are using company voluntary arrangements (CVAs) to manage the financial impact of Covid-19. But experts warn they can damage the reputation of businesses—and directors.

The UK financial watchdog warns that reporting should reflect the impact of Covid-19—under different scenarios—on liquidity, viability and solvency.

Measures to reduce the risk of major company failure through poor governance or stewardship, and to strengthen the responsibilities of directors of firms in or approaching insolvency, have been proposed by the UK government.

The former CEO and COO of then-FTSE 250 oil and gas exploration business Afren have been disqualified as directors by the Insolvency Service.

The UK’s business department wants stronger investigative powers and punishments against directors post-insolvency, while setting a path for more active and responsible shareholder stewardship.