The Institute of Chartered Accountants in England & Wales (ICAEW) hosted a roundtable discussion on the topic "Why do companies fail?" on the 12 June. The roundtable discussion was chaired by a senior partner from EY and included senior members from the ICEAW Research Advisory Board plus 5 academics with expertise in corporate governance and corporate reporting. The aim of the roundtable was to bring together key academics and practitioners to discuss the issue of unexpected corporate failure, to refine an ICAEW Call for Papers in this area, and to plan for an engagement workshop on 3 October. The agenda for the discussion was: 1. Presentation on why companies fail 2. Discussion on "How can we reduce the risk of surprise failure?" 3. Discussion on "What is the role of academic literature?" 4. Finalizing logistics for moving forward, including discussing the call for papers, determining the length of the call and review process, advising on the current budget, and identifying additional dissemination destinations for the call for papers. 5. Discussing the format for the Corporate Governance workshop at Leeds Business School on 3rd October and requesting recommendations for workshop speakers.