Corporate governance

Dealing with financial difficulty - impact and implications of the Corporate Insolvency and Governance Act 2020 on charities, social enterprises and mutuals

COVID-19 has had a significant financial impact on organisations, but a group particularly hard-hit is the not-for-profit and social enterprise sector. The lockdown period has seen a surge in demand for services offering invaluable support for causes such as mental health, social care, homelessness and domestic violence. This increased demand has coincided for many organisations with lost fundraising income and increased operating costs due to the COVID-19 pandemic.

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