1. For Energy Companies In Bankruptcy, Four Steps To A Turnaround Boardroom

    For Energy Companies In Bankruptcy, Four Steps To A Turnaround Boardroom

    With oil continuing to languish below $50 a barrel, the energy industry is girding for a protracted slump-and the continuation of a wave of bankruptcies as companies across the value chain are pushed up against debt covenant restrictions ...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, Competitor Corner, In the News, Member Report, Partner Publications, Question of The Week, Sponsored Content
  2. Quotes

    1. It's tempting to see putting together a new board as just one more box to check on the way to getting approval from a bankruptcy judge, but an effective board is critical to deliver value and certain best practices should not be overlooked to ensure success.
    2. The board is going to be hit from day one with knotty, high-stakes challenges, from continued evaluation of the CEO to evaluating optionality for potential business combinations.
    3. Creating a board for an energy company emerging from bankruptcy may look like a daunting challenge, but it is also a rare opportunity to rebuild from scratch, unencumbered by legacy constraints.
  3. Topics Mentioned