Insolvent companies - who is to blame!

As the recession grinds on a different kind of boardroom dispute is coming into play.   Whilst directors must act collectively, they ultimately take responsibility individually.  Where a company has become insolvent, or even where it has just lost value, the board, the shareholders or the liquidator may start looking for somebody to blame.  When this happens directors must make sure that it is not their head on the block.

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