Chapter 4: Governance post formal insolvency regime commencement
This central chapter will consider the relationships that exist between insolvency practitioners (IPs), corporate management and various interested stake- holder groups once formal insolvency proceedings have commenced. Mechanisms designed to control the actions of IPs will be evaluated in the light of the stewardship relationship created when an IP takes up office. These mechanisms include formal legal rules (whether imposed by statute, secondary legislation or created through common-law processes) and self- regulatory standards. The study will cover a wide range of aspects of corporate insolvency practice.
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