Focusing on international best practices in restructuring and turnaround management, this course provides directors with a comprehensive understanding of operational restructuring, developing the skills and competencies required to lead a company from crisis through to recovery. Most programmes on corporate recovery focus on legal, finance or accounting issues and whilst important these in and of themselves do not create a sustainable turnaround. Referencing FTSE Bursa Malaysia Top 100 companies, this course is aligned to the Malaysian Code on Corporate Governance. It introduces the critical leadership competencies required in turnarounds: a deep dive diagnosis, crisis stabilisation, leadership/management reset, failure analysis, stakeholder negotiations, driving critical business improvements, financial restructuring and strategic reorientation.

 

Learning Outcomes

  • Recognise the most common causes of corporate failure and the risks
  • Identify the red flags of corporate decline – the qualitative as well as the quantitative
  • Assess whether a company has a realistic chance of survival
  • Identify the formal and informal triggers for a turnaround beyond financial analysis: diagnostic techniques
  • Recognise the critical role organisational culture plays in both failure and recovery
  • Assessing leadership and key executives and preparing for a change in leadership
  • Define the director’s role in overseeing key workstreams in a turnaround
  • Identify the key strategies in crisis stabilisation and cash generation
  • Evaluate and select advisers and consultants in a turnaround

 

Who is this Programme For?

Non-Executive Directors and Executive Directors of small, medium and large privately held and publicly listed companies and not for profit organisations.

Virtual Classroom Format
4 hours (20 minutes Virtual Networking Break)
Interactive Facilitated Learning
ICDM Virtual Classroom
03 Feb 2021 - 04 Feb 2021
9:00 AM - 1:00 PM
Paul Vorbach, Director of AcademyGlobal, Australia
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Programme Outline

Day 1 | Wednesday | 3 February 2021

  • The director’s role and responsibilities when the organisation is in distress
  • Legal risks for directors as the company approaches insolvency
  • The psychology of corporate turnarounds
  • Common causes of company failure: identifying early financial and non-financial warning signs

Morning Break 

  • The stages of decline: the critical points to determine the opportunity or recovery
  • Essential data and reporting for directors throughout a turnaround
  • Establishing a sense of urgency when stabilising the crisis and stopping the bleed

Day 2 | Thursday | 4 February 2021

  • The question of leadership: what to do with the CEO and other senior executives
  • Assessing the existing or new CEO’s capability to drive turnaround
  • An overview of the essential tools of failure analysis
  • Overseeing stakeholder prioritisation and critical negotiations in a turnaround

Morning Break 

  • Changing the organisational culture: how to anticipate and deal with resistance
  • Financial restructuring: immediate, short and mid-term strategies
  • Returning to growth: leading a strategic reorientation

Photo by Vlad Hilitanu on Unsplash

Speaker

PAUL VORBACH
PAUL VORBACH
Director of AcademyGlobal, Australia