Managing Through Financial Distress: The Board’s Oversight Role and Protecting Against Litigation

When a public company faces significant financial challenges and uncertainty, the pressure on management teams and boards of directors to make the “right” decisions intensifies. If those financial challenges are not successfully managed and the company is forced to consider strategic alternatives that could negatively impact stakeholders, this pressure can evolve into scrutiny—often in the form of litigation....
By: Woodruff Sawyer

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