Explore the Perun Consultants blog for expert insights on forensic accounting, financial investigations, restructuring, insolvency, corporate advisory and governance. Stay informed with our concise analyses designed for professionals navigating today’s complex financial, legal and regulatory landscapes.
Directorships are pivotal positions within companies and carry a set of diverse responsibilities and legal obligations. Independent directors may step into directorship positions when companies face financial and operational distress, malfeasance and fraud, and complex regulatory challenges. Independent directors also step in to provide specialist expertise, impartial oversight, and ensure corporate governance and compliance standards are maintained. In this article, we will explore the importance of independent directors and scenarios in which they may be needed, as well as specific case studies where we have taken on directorship appointments to help clients navigate these challenging situations.
“A very good person to have on your side” says Who’s Who Legal. Meet Gwynn Hopkins, one of Hong Kong’s leading insolvency practitioners and forensic accounts.
The coronavirus pandemic has put the world into a tailspin. All businesses are affected as they come under unprecedented pressure from the disruption and as trade evaporates. For companies experiencing distress, the earlier its directors take action to perform a financial health check and monitor the situation, the better the prospects for survival and recovery.
For many business owners, the pandemic of 2020 is one of the biggest professional crises they are likely to face ever as they try to maintain revenues in faltering economies. Bringing in an independent conflict director could make all the difference.
As COVID-19 continues to ravage the world, the business impact of the pandemic will be felt for years to come. The businesses that act now to improve performance could emerge financially stronger.
With no sign of COVID-19 abating, and with the pandemic surpassing all traditional benchmarks, businesses need to prepare for a paradigm shift in the “new normal”.
Whether a company is expanding internationally, improving corporate governance, or managing a complex litigation, appointing a specialist director to the board can help you navigate the right path.
