Director's briefing – a fresh look at company turnaround

Director's briefing, company turnaround, restructuring

No matter what stage in the economic cycle, there will always be organisations suffering distress that manifests in the form of a company financial crisis.

NSW Head of Restructuring and National Turnaround Lead

KPMG Australia

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Director's briefing – a fresh look at company turnaround

But there is usually no training for a board in how it should respond to a financial crisis, and often board mbers do not have active experience in spotting the warning signs and dealing with such events.

Most companies do not respond soon enough and as a result find themselves poorly prepared, with less flexibility and e to drive the changes required. The impact can be significant on companies and their subsidiaries, and often ompany doesn’t start formulating a recovery plan until it is already underperforming and losing the confidence of stakeholders.

In this paper we take a fresh look at company turnaround and comment on some lessons learned.

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