A “board flip” — reconstituting a company’s board to install creditor-nominated or independent directors — can be a decisive tool in financial distress. This panel explores the legal, strategic and practical considerations behind executing a successful board flip, including governance mechanics, fiduciary duties and key contractual levers. Using real-world examples, the panelists highlight lessons learned, stakeholder dynamics, and actionable strategies to mitigate risk, manage conflicts and preserve value in high-stakes restructuring situations.
Learning Objectives:
- Attendees will understand the legal and governance mechanisms involved in implementing a board flip in a distressed company.
- Attendees will analyze fiduciary duties, stakeholder interests and conflict-management considerations that arise during board reconstitution efforts.
- Attendees will evaluate practical strategies for executing board flips while mitigating risk and preserving enterprise value.