Case Study

Crisis of the board or the board in a crisis?

3 pages
June 2009
Reference: IMD-3-2116

During the economic crisis, the board of NorgeRims, an automotive supplier, finds itself in a difficult situation. On the one hand the company is facing bankruptcy due to the economic crisis that depleted its cash reserves; on the other hand the board itself is in a crisis as its members have split into two factions. The chairman must find a way to reconcile the positions and keep the company from drowning.

Learning Objective

Dealing with and resolving corporate and board issues during times of crisis.

Keywords
Board, Corporate Governance, Crisis, Director, Chairman, Chief Executive Officer, Economic Crisis, Financial Crisis, Board Crisis, Automotive
Settings
Norway
2009
Type
Generalized Experience
Copyright
© 2009
Available Languages
English
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