Directors who have dissolved companies to avoid paying staff or pensions could be fined or disqualified for the first time, the government has announced.
In a package of reforms announced today, struggling companies will be given more time to explore rescue options while shareholders will be given more powers to hold boardrooms to account.
Greg Clark, business secretary, launched a consultation into corporate governance and insolvency in March, in the wake of what it called recent corporate governance failures.
That was widely seen as a reference to the failures of high street retailer BHS and Carillion, the construction and outsourcing group.
BHS went into administration in April 2016 and its stores shut soon afterwards, throwing 11,00…
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