Hidden Consequences of Failure

Company failure is more than the end of a business. The more established a business and the more people that are involved, the more consequences there may be. There may be an instinct to push through if a company is doing badly but this can be riskier than leaders realise.

When something goes wrong there is a tendency lay blame. The finger may be pointed at anyone involved in advising the company as well as those within it.

Company Directors are particularly liable. It is crucial that they are aware of their personal responsibilities. As head of the company, they may legally be held accountable for any oversights.

When the recession hit many companies failed completely unexpectedly and this was outside of their own control. It is at a time like this that existing problems become highlighted.

In this briefing our experts discuss director responsibilities and what can happen when things go wrong.

The-impact-of-the-recession-on-commercial-disputes

Legal sector dealt with more commercial disputes in recessionDoug Hall

Throwing-the-spotlight-on-professional-advice1

Informed financial planning advisors under the spotlightDoug Hall

Directors-may-pay-for-failure

Financial impact of failure on directorsHenry Shinners

How-companies-get-into-financial-trouble1

How companies get into financial troubleHenry Shinners

Businesses-are-coping-badly-with-the-recovery1

Businesses are coping badly with the recoveryAnthony Hilton

Onerous-duties-on-company-directors1

Onerous duties on company directorsDavid Alexander

Featuring...

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Doug Hall

Doug Hall, Partner - Forensic Services, Smith & Williamson
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Henry Shinners

Partner - Restructuring & Recovery Services, Smith & Williamson
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Anthony Hilton

Financial Editor, The London Evening Standard
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David Alexander

Partner - Forensic Services, Smith & Williamson
When you are operating in a difficult environment, tensions are amplified
Doug Hall