Role of Directors in Corporate Rescue| Episode 6 скачать в хорошем качестве

Role of Directors in Corporate Rescue| Episode 6

Corporate rescue can mean the difference between business survival and liquidation — and directors sit at the centre of that decision. This video breaks down the role, duties, and personal risks directors face during corporate rescue proceedings under Zimbabwe’s Insolvency Act. If your business is experiencing financial distress, understanding your legal obligations before, during, and after corporate rescue is critical. Corporate rescue is not for failing businesses with no future; it is a legal remedy for companies with a reasonable prospect of recovery. Acting early, transparently, and in good faith can protect the business and reduce personal liability. In this video: 00:08 – Introduction: Why Corporate Rescue Matters 00:48 – Temporary supervision under the Corporate Rescue Practitioner. 01:31 – Why Directors Play a Critical Role. 01:54 – Directors' Legal Duties Explained. 02:29 – Statutory Responsibilities Under Section 218 03:03 – When Corporate Rescue Is Appropriate (And When It’s Not) 03:57 – Directors’ Role and Obligations During Rescue 05:08 – Outcomes After Corporate Rescue 05:29 – Final Thoughts: Acting Early to Protect the Business 🔔Subscribe for more insights on restructuring, corporate rescue, governance, and financial risk management in Zimbabwe. 📩 enquiries@culverwellvenge.com