Thursday, June 15 | 9:45 a.m. - 10:45 a.m.
Benjamin Franklin’s adage remains true whether applied to the prevention of fires or illness or to a company’s board and those professionals that advise its members. A board must be vigilant to prevent problems from occurring and then, when a crisis does emerge, be prepared to address it with strong corporate governance. How can board members protect themselves and ensure their decisions are supported by a sound process? Once the situation shifts from one of healthy company to not doing well, how do the board’s obligations change? What role do the company’s lenders have and what should they look out for when turbulent events arise? What should the advisors to the company (lawyers, accountants, financial consultants) stress to the board to either prevent a disaster or efficiently deal with one when it arrives?