Recognizing the Early Signs of Company Financial Distress & What Directors Need to Know

Most companies, including industry innovators and leaders, experience financial distress and potential bankruptcy during their life cycle. Directors, committee members of compensation, audit, risk, and compliance, and general counsels were encouraged to attend this workshop designed to arm them to recognize and effectively oversee a potential survival crisis of their companies.

Witness Kodak and General Motors who sought bankruptcy protection after 100 years of industry leadership. Reasons include management and board entitlement, complacency, ineffective competitive strategies, new competitors disintermediating long held business models, and frankly, hubris. Directors are expected to be financially literate, however most directors and management do not know how to, nor have the necessary skillsets, to pivot quickly and be effective in a business financial crisis. Successfully navigating a business financial crisis requires unique experience and skills retained from outside experts.

Attendees heard and learned from experienced restructuring experts who have successfully navigated many company financial restructuring crisis.

Our experts discussed:

• The warning signs Directors should look for in the early signs of financial distress in companies.

• The signs boards and management must pay attention to, and when.

• What is the “Zone of Insolvency” and potential liability.

• Actions boards should take in overseeing management when approaching the “Zone of Insolvency.”

   

This workshop limited capacity to ensure a focused, high-quality learning experience.

AGENDA:
7:45 AM - 9:00 AM (PST)/8:45 AM - 10:00 AM (MST)

Speakers:

Chief Executive Officer, Invenz, Inc.

Richard Munro, FCA, NACD.DC

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Richard Munro has over 35 years’ experience bringing effective leadership to growth and underperforming businesses and improving their performance, measured by outstanding growth in revenue and market share, profits, return on capital employed, and value to shareholders...

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Restructuring and Transactional Attorney, Pachulski Stang Ziehl & Jones LLP

Rob Saunders

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Rob Saunders, NACD.DC, is a restructuring and transactional attorney at Pachulski Stang Ziehl & Jones LLP, representing debtors, creditors’ committees, and acquirers in Chapter 11 cases, as well as assignees and acquirers in state-law assignments for the benefit of creditors (ABCs). He was named Best Lawyers’ 2023 Los Angeles “Lawyer of the Year” for Litigation-Bankruptcy, and has been named a Super Lawyer and one of Lawdragon’s 500 Leading Global Bankruptcy & Restructuring  Lawyers...

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Moderator:

Board Director - Farmers & Merchants Bank of Long Beach

Christine Scheuneman

Christine Scheuneman is an independent corporate director and strategic advisor to national and international private and Fortune 100 companies. …

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