Governance for Distressed Companies
Arnold & Porter’s Michael L. Bernstein discusses the special importance of corporate governance for stressed or distressed companies, and in insolvency situations. Every action taken by an officer or director may be put under a microscope, and potential conflict issues, along with the increased risk of litigation, require careful guidance as soon as a company begins to experience distress. Bernstein discusses how companies in distress may be able to avoid litigation and potentially reduce the likelihood of meritorious claims.
This is part of our ongoing series, “ESG: The Bottom Line,” where we take on some key legal aspects of ESG--from impact investing to whistleblowers, climate risk disclosure to corporate board diversity. All in short videos where we get straight to the bottom line.
» Watch the rest of the “ESG: The Bottom Line” series here.