PT  - JOURNAL ARTICLE
AU  - Ed Marks
TI  - The Roles of Directors in Troubled Companies
DP  - 2002 Mar 20
TA  - Turnaround Management
PG  - 107--110
VI  - 2002
IP  - 1
4099  - http://guides.pm-research.com/content/2002/1/107.short
4100  - http://guides.pm-research.com/content/2002/1/107.full
AB  - The director's role in a troubled company is very different from that of a director of a healthy business. Marks shows how the director in a troubled company assumes a larger role in managing the company's affairs—meeting with lenders, suppliers, customers, employees, and shareholders. A director can lend significant objectivity during the development of a turnaround game plan through his or her independence, broad business skills, experience. The director must evaluate top management and intiate a change if required.