In recent years, the world and the business landscape has been tested, managing risk and change at an accelerated speed, and at times, undergoing significant transformation. Boards of directors are now grappling with a host of unprecedented challenges never previously on the agenda. Amidst the complexity that directors now face, the situation becomes even more daunting when dealing with corporations teetering on the edge of insolvency.
A convergence of factors, such as the global economic slowdown, geopolitical tensions, the end of government pandemic financial aid, surging borrowing costs, inflation, rising energy prices, supply chain bottlenecks, production and labour issues, and diminished M&A activity, among others, are contributing…
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