Directors Duties in the Zone of Insolvency

Panelists for this session field questions related to their own experiences with companies that were in the zone of insolvency. They focus on what signs to watch for to determine if a company might be in the “zone,” how their decision processes were impacted once the company was in the zone, and what kind of legal or other independent expert advice they sought while in the zone. Discussions surface on the fiduciary duties of directors and officers, how those duties changed during the zone of insolvency, and how to ensure that they upheld their duties during the zone of insolvency.