(Total Views: 583)
Posted On: 07/21/2022 9:32:18 AM
Post# of 36519
Assiduous - the main hurdle is not the lack of a competent or motivated (or honest) CEO/CoB/Pres, it is the lack of an available bankroll to hire lawyers to come in and represent the specific interests of the shareholders. Currently, the trustee in bankruptcy has the responsibility for protecting the interests of the company (and thereby of the shareholders), because the goal is to preserve/maximize the assets as fully as possible. Of course, having actual legal counsel who owes an ethical duty of loyalty to a client as the client's advocate is preferable.
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