Corporate Governance in Transition: Dealing with Financial Distress and Insolvency in UK Companies

by Marjan Marandi Parkinson

Overview

This book presents an account of legal, economic and managerial perspectives on governance in situations of financial distress and insolvency. It uses detailed real-life case studies of executive decision making to explore and illustrate the discussion. The book deals with the emergence of corporate governance as a framework of checks and balances on executive decision-making, before moving to the core issues of governance during financial distress and insolvency and alternative informal and formal rescue. Identifying and reviewing turnaround strategies and formal rescue processes available to management, the book also examines the increasing importance of creditors and their impact on business decision-making. The book provides a detailed interpretation of governance in five mega insolvencies in retail and construction following the financial crisis in 2008. It also sets out a methodology which is designed to inform and help those readers seeking to analyse and interpretdirector behaviour in such circumstances.

Product Details

ISBN-13:	9783030083731
Publisher:	Springer International Publishing
Publication date:	01/26/2019
Series:	Palgrave Studies in Governance, Leadership and Responsibility
Edition description:	Softcover reprint of the original 1st ed. 2018
Pages:	309
Product dimensions:	5.83(w) x 8.27(h) x 0.03(d)

About the Author

Marjan Marandi Parkinson is a freelance consultant and Honorary Fellow at the Centre for Governance, Leadership and Global Responsibility, Leeds Business School, UK. Her research interests focus on director responsibilities and corporate governance in financially distressed and insolvent companies.

Table of Contents

1 Governance in Distress.- 2 Corporate Governance in Public Companies.- 3 Financial Distress, Insolvency and Business Rescue.- 4 Corporate Governance in Financial Distress.- 5 Corporate Governance in Insolvency.- 6 Case Study 1: Stylo plc.- 7 Case Study 2: JJB Sports plc.- 8 Case Study 3: Waterford Wedgwood plc.- 9 Case Study 4: Woolworths Group plc.- 10 Case Study 5: Connaught plc.- 11 Insights from the Case Studies.- 12 Building Legal Case Studies.- 13 Building Legal Cases Studies.