Category: 2009

TAKING THE TEMPERATURE OF THE BOARD OF DIRECTORS: Why Lenders Should Pay More Attention to Their Borrowers’ Corporate Governance

A strong, independent board of directors can help keep a company on the right financial track. Howard Brod Brownstein, who sits on several corporate boards himself, urges lenders to take a hard look at a borrower’s board of directors before extending a loan or agreeing to forbearance. Brownstein makes a case for lenders to insist on corporate governance before handing over the cash.