The Role of the Independent Director in a Restructuring [PODCAST]

The observe of appointing a number of unbiased administrators to the boards of distressed firms has not solely proliferated in current years, however has turn out to be the topic of rising controversy. On this episode of the Restructure THIS! podcast, John Dubel discusses, amongst different issues, the correct function of an unbiased director in restructuring and weighs in on whether or not he believes the present unbiased director framework in chapter 11 is damaged. In doing so, John addresses some of the most important criticisms which were levied towards unbiased administrators, together with that unbiased administrators typically lack disinterestedness and are nothing greater than “repeat players” that advocate for preordained outcomes.

John has over thirty-five years of expertise in the restructuring area. He has served on the board, or as half of the administration of, some of the largest firms in the world, together with as Particular Committee Chairman of Purdue Pharma, CEO and CRO of SunEdison, CFO of Worldcom throughout its chapter 11 case, and as unbiased board member for Highland Capital Administration, LP and WMC Mortgage, LLC. He’s presently the CEO of Dubel & Associates, LLC.

For extra on these points, hearken to Episode 7 of Restructure THIS! hosted by Sheppard Mullin associate Justin Bernbrock.

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