Home/
November 19, 2019
Financial distress - the board's role
![Page Image](/_next/image?url=https%3A%2F%2Fedge.sitecorecloud.io%2Finstitutecof37f-icdwebsite-icdprod-f918%2Fmedia%2Fproject%2Ficd%2Fwww%2Fnews%2Ffinancial-distress-the-boards-role_page_01.jpg%3Fh%3D1056%26iar%3D0%26w%3D816&w=1920&q=75)
Financial issues are often symptomatic – if not the direct cause – of organizational failure. Being on the board of a company means being not only alert to the signs of potential financial issues but also ready to take prompt action. A recent survey and roundtable discussions conducted by Osler and the Institute of Corporate Directors addressed the issue of board preparedness in situations of financial distress and revealed a surprising number of informationgaps in board oversight practices. These results are analyzed in a new report, Financial distress – The board’s role, that is now available.
Share This