<p>Measures to hold directors to account already exist. When a company enters administration, the administrator has a legal duty to report to the Insolvency Service on the directors’ conduct. The Insolvency Service may seek the directors’ disqualification where there is evidence of their misconduct, and it is in the public interest. Potential criminal offences are referred to the appropriate authority.</p><p>To ensure fairness, the law requires that available funds in an insolvency are distributed in a certain order and Government has no current plans to change this.</p><p>As part of their statutory duties, Insolvency Practitioners must provide necessary information to the Redundancy Payments Service to facilitate the processing of employee claims when their employer enters insolvency.</p><p>The Government recently announced a strengthening of the Insolvency Practitioner regulatory framework aimed at increasing transparency and bolstering confidence in regulation.</p>