RT Journal Article
SR Electronic
T1 The Roles of Directors in Troubled Companies
JF Turnaround Management
FD Institutional Investor Journals
SP 107
OP 110
VO 2002
IS 1
A1 Ed Marks
YR 2002
UL http://guides.pm-research.com/content/2002/1/107.abstract
AB The director's role in a troubled company is very different from that of a director of a healthy business. Marks shows how the director in a troubled company assumes a larger role in managing the company's affairs—meeting with lenders, suppliers, customers, employees, and shareholders. A director can lend significant objectivity during the development of a turnaround game plan through his or her independence, broad business skills, experience. The director must evaluate top management and intiate a change if required.