Should I Tell My Staff?

If you want to get into a heated argument, put a dozen CEOs in a room and ask them if they should tell their employees that they’re preparing to sell their company. What you’ll find is that they quickly polarize into those who would tell their staff and those who would not. Each group will […]

Directors’ Responsibilities Before and After Company Insolvency – Part II

Posted by on May 4, 2009 in Boards & Advisors, Legal Concerns | No Comments

In my last post I talked about the responsibilities that board members have to a company both before and after insolvency occurs. The list below provides some practical precautions for prudent directors in financially distressed companies to keep in mind. Below are some practical precautions that a prudent director of a financially distressed company should […]