The Corporate Insolvency and Governance Bill received royal assent on 25 June 2020 and is now an Act. It was introduced to help businesses struggling with the impact of Covid-19 and includes a series of measures to amend insolvency and company law, helping them through this period of instability. The corporate governance measures will also introduce temporary easements and flexibility to businesses where they are coping with reduced resources and restrictions.
The measures in the Bill will support businesses, and where applicable charities and mutual societies. Here are all the details: