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Insolvency Diversity and Inclusion Steering Group launches 2024 Action Plan

Insolvency Diversity and Inclusion Steering Group launches 2024 Action Plan

13 May 2024

The Insolvency Diversity and Inclusion Steering Group, a joint initiative between the insolvency and restructuring trade body R3 and the Insolvency Service, has published its Action Plan for 2024.

Building on the work done in previous years, 2024’s Plan focuses on three specific areas of activity:

  • Promoting careers in the profession through outreach to universities and educational institutions and the development of materials that highlight the opportunities presented by career in insolvency and restructuring.
  • Collating and sharing best practice on equity, diversity and inclusion in the profession.
  • Engaging with those at the early stages of their careers in insolvency and restructuring to identify and address barriers to entry and progression.

Caroline Sumner, Chief Executive Officer of R3 and Co-Chair of the Steering Group, said: “This year’s Action Plan builds on the work we’ve done over the last two years to understand and begin to address the challenges the profession faces when it comes to equity, diversity and inclusion.

“Its workstreams aim to use this foundation to ensure that the profession’s talent pool is as broad and deep as possible and that we understand and address any issues that could potentially deter someone from joining, remaining or progressing in the profession.

Angela Crossley, Director of Strategy, Policy and Analysis at the Insolvency Service and Co-Chair of the Steering Group said: “It has been great to see so many parts of the sector coming together to share good practice and encouraging a wide range of talented people to join the profession.”

The Steering Group’s network of diversity and inclusion Champions, senior members of the profession who support the Group’s activities, will be central to the success of its work. Work is underway on a round table event in June which will enable them to come together, share best practice and discuss the Group’s plans for the next 12 months and how they can best support them.

To view a copy of the 2024 Action Plan, visit: https://www.r3.org.uk/press-policy-and-research/policy-research/the-insolvency-restructuring-profession/

About the Insolvency Diversity and Inclusion Steering Group

The Diversity and Inclusion Steering Group was formed in 2021 by the Insolvency Service and R3 to bring together those working within the insolvency profession to discuss, understand, and take action to address barriers to inclusion and diversity.  It supports the profession’s work to represent the people it serves and ensure the sector’s sustainability.

Its members are:

  • Caroline Sumner – Chief Executive Officer of R3 and Co-Chair of the Group
  • Angela Crossley – Director of Strategy, Policy and Analysis at the Insolvency Service and Co-Chair of the Group
  • Harold Brako – Partner, Addleshaw Goddard
  • Aydin Djemal – Chief Executive, BHA
  • Jo Hewitt – Managing Director, Alvarez & Marsal
  • Holly Holgate – Head of Resolution & Insolvency Department, Financial Conduct Authority
  • Yvonne Joyce – Professor in Accountancy, Glasgow University (with alternate Dr Christopher Flanagan – Lecturer in Accounting)
  • Samantha Keen – EY UKI Strategy & Transactions Chief Operating Officer, Restructuring Partner, EY-Parthenon
  • Francesca Tackie – Director, Mercury Corporate Recovery Solutions
  • Claire Hardgrave – Head of Insolvency Practitioner Regulation Section, Insolvency Service
  • Stuart McBride – Senior Communications Manager, R3
  • Jeni Morgan – Senior Policy Advisor, Insolvency Service
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