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Email On 18 March 2021, the Department for Business, Energy & Industrial Strategy launched a consultation on its proposals for wide-ranging reforms to modernise the UK’s audit and corporate governance regime. The reforms proposed in the consultation would implement the recommendations of three previous independent reviews commissioned in the wake of a series of large-scale company failures, such as Carillion, Thomas Cook and BHS, which have been laid at the door of poor internal governance and external review at those companies. https://www.cadwalader.com/resources/clients-friends-memos/the-government-is-launching-a-consultation-on-reforming-the-uks-audit-and-corporate-governance-regime