Executive Redundancy and Recourse
The irony of being a Restructuring and Turnaround Executive for a business is that once you have stabilised the business, stemmed the bleeding and discovered the root cause – you fix that problems and have salvaged the business for the business owners.
Once again, the ABRT is lucky to have expert Stephen Barnes RTP® provide some thoughtful insight, commentary and his professional opinion on this week’s media announcement concerning ASIC statistics – specifically, those in relation the construction industry. The new data shows Australian businesses are failing at the highest rate since before the pandemic began.
In a report commissioned by the Fair Work Ombudsman in June 2012 titled “Phoenix Activity – Sizing the problem and matching solutions”, the following definition of phoenix activity was developed in consultation with stakeholders
Seven Deadly Sins of Distressed Businesses
Stephen Barnes RTP® is an author & a seasoned Restructuring & Turnaround Practitioner & ABRT advocate.