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 | |
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4 hours (20 minutes Virtual Networking Break) |
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Interactive Facilitated Learning |
Speaker
PAUL VORBACH
Director of AcademyGlobal, Australia
Paul has developed the curriculum and conducted industry-level programmes for the banking, management consulting, insolvency and turnaround profession since 2009. A company director of 20 years’ experience across large and small firms, Paul is Fellow, Corporate Governance Institute, Fellow, Australian Institute of Company Directors (AICD) and Fellow, Governance Institute of Australia. He is also Member, American Bankruptcy Institute, Member, INSOL International, Member, Turnaround Management Association, Academic Member of the Australian Restructuring, Insolvency and Turnaround Association. He holds degrees from UNSW, the University of Sydney and University of Technology Sydney.
Experience in Developing and Delivering Restructuring and Turnaround Executive Programmes:
- From 2009-2019, developed and delivered Turnaround Management Certified Practitioner Course
- Since 2016, developed and delivered the restructuring and turnaround subject for the University of Technology Sydney (Law) and Australian Restructuring, Insolvency and Turnaround Association Advanced Certification qualification
- In 2020, developed and delivered the University of Technology Sydney Executive Certificate in Corporate Turnaround Management Practice
International Experience:
From 2004-2016, Paul developed and delivered senior executive programmes in finance, credit risk management, leadership, enterprise risk management across South-East Asia, Middle East, Europe and North America.
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
