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December 2011
By Michael E. Barrack and D.J. Miller When a company faces insolvency, the responsibilities of the boards of directors can change dramatically. While the board's role remains to act in the best interests of the company, there are new complexities and new players that need to be taken into consideration. Directors who are unfamiliar with this environment can find the process confusing and frustrating. Understanding these issues before a company becomes insolvent can help directors navigate the process, increasing the likelihood of a successful restructuring. This publication addresses the issues that directors should turn their minds to when a company may be facing insolvency. It is a practical resource that poses and comments on a set of questions that help directors understand the relevant issues and ensures that they are keeping focused on what is in the company's best interests. Purchase a hard copy Download a soft copy |
