Conclusions

Abstract

Chapter 1 of this book introduced the central question that became the focus of the research, namely “how does financial distress in general and insolvency in particular impact on the corporate governance of public companies?” The book has addressed the question raised in Chap. 1 in a variety of different and complementary ways. It has applied theoretical and doctrinal approaches to examine the existing literature and legal interpretation. It has also used a narrative and interpretive case study approach to examine what the boards of directors in public companies do in practice to resolve financial distress, and the joint administrators’ treatment of corporate assets and payment of creditors’ claims. This final chapter reviews the extent to which the original aims of this research have been met.