Against a backdrop of economic uncertainty and a looming global recession, many senior executives are facing the prospect of leading businesses experiencing financial distress or insolvency.
For many senior executives, being involved in a business that has failed will have long-lasting ramifications. Aside from the reputational harm that may be caused to an individuals career, they will also be subject to investigations by the relevant office-holder (depending on the type of insolvency process that the business enters into) and this may lead to personal liabilities.
In this article, we set out some tips for senior executives who find themselves working in a business in financial distress.
Consider your role within the business
As a start…
Read the full article at: https://www.farrer.co.uk/news-and-insights/top-tips-for-senior-executives-of-businesses-facing-the-prospect-of-insolvency/