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Case Study

Crisis of the board or the board in a crisis?

By Ulrich Steger and Christoph Nedopil

3 pages

June 2009

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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

Available Languages

English

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