Boards & Advisors

Directors’ Responsibilities Before and After Company Insolvency – Part II

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 [...]

The Responsibilities of Directors Before and After Company Insolvency — Some Practical Considerations

Corporate directors of a financially healthy and solvent company have a fiduciary responsibility solely to the corporation and its stockholders and do not have a duty to creditors beyond the contractual duty owed by the company. In today’s economy, many companies face unprecedented financial strains and, as the financial situation deteriorates and nears insolvency (aka [...]

Money Matters – Who…More than How Much or For What Valuation

Periodically we will have posts from local entrepreneurs that provide some sound advice from a slightly different perspective. Today’s post is from Jason McDowall, a local serial entrepreneur that I’ve had the opportunity to work with and get to know over the last couple of years.  Jason was previously the co-founder and CEO of Adhoc [...]