Skip to main content
Become a member
  • Register
  • Login

Register Login

Article

Press Releases News Good Governance

IoD welcomes insolvency changes to help companies stay afloat during coronavirus crisis

28 Mar 2020

meeting

Responding to changes to insolvency rules announced by the Business Secretary today, which were proposed by the IoD last week, Jonathan Geldart, Director General of the Institute of Directors, said:

“We are very pleased the Government has listened to the concerns of directors and announced these welcome measures. During the current crisis, directors are facing immense challenges and these are pragmatic steps to provide relief during this unprecedented period. The temporary suspension of ‘wrongful trading’ insolvency provisions will help to avert entirely preventable corporate collapses. It’s absolutely right that the Government should look to prioritise jobs and business survival.”

Contact Press office

Euan Holmes, Press Officer

020 7451 3280


Press office