Why would someone come into a troubled company and be

Question

Why would someone come into a troubled company and be

appointed to the board of directors? Can't they be liable for everything that happened. That's the reason Simon Dixon gave for working on the outside and not taking a set at the table internally?

0

07.07.2022

4 ответов

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Rob R

There's the concept of "Good Faith" which massively reduces the possibility of a director being found liable (look out, Google lawyer in the house, although I've been director of a few tiny companies).

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07.07.2022

Alexandra O

Apparently some people specifically specialize in that. Company restructuring etc. believe it or not

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07.07.2022

Maximus Автор вопроса

Alexandra O
Apparently some people specifically specialize in ...

Oh interesting. There expertise and experience hopefully can turn this around, I hope.

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07.07.2022