Date: 28 - 29 May 2007
Time: All day event.
Venue: Fairlawns Hotel, Sandton
Topic: Corporate turnaround and rescue strategies workshop
Cost: SAICA members & trainees - R5 809.15 (incl. VAT) Non-members - R6 834.30 (incl. VAT)
Brochure: Corporate Turnaround and Rescue Strategies (261k)
Note: This is not an officially TMA-SA event.
Strategic Executive one of SAICA's Alliance Partners will be hosting a Corporate Turnaround and Rescue Strategies workshop.
Who should attend?
Managers; business decision makers; accountants; lawyers; corporate finance professionals and bankers working in business rescue situations; service providers to troubled companies; investors and lenders to distressed companies.
The purpose of the two day workshop is to give an overview of current developments in corporate turnaround and restructuring in South Africa and to further develop rescue strategies for organisations facing insolvency. It provides an understanding of the timelines to financial distress, the factors contributing to the different levels of corporate decline as well as strategies for overcoming the problems, restoring corporate value and returning business to profitability. The aim of turnaround strategy is to ensure organisations can avoid severe disruption, even liquidation and rather be turned around/rescued to maximize return for stakeholders, including creditors and employees. Practical case studies involving the saving of businesses facing difficulties will be examined.
After completion of this workshop, participants should be able to:
- Understand the legislative framework to turnaround and business rescue in South Africa;
- Identify signs of pending distress/failure in business;
- Assess, manage and maximize value of assets in turnaround and business rescue scenarios;
- Understand the turnaround and rescue strategic options that need to be pursued; and
- Understand the principles of the underlying strategy.
First Day: Registration 08:30 - 09:00 Workshop begins 09:00 Ends at 17:00
Following Day: Start 09:00 end 17:00
About the Presenters
The lead presenter is Carl Komape, who has spent a number of years at global advisory firm KPMG. He has extensive experience with corporate restructuring and turnaround situations. In 2005, Carl was seconded to the Association for the Advancement of Black Accountants in Southern Africa (ABASA) as executive director. Amongst his responsibilities, Carl represented ABASA on the board of the financial services Seta (FASSET) and also sat on the negotiating forum to draft the Chartered Accountancy Transformation Charter. Carl has also written, edited and published articles dealing with areas of business performance enhancement, business transformation and turnaround, corporate governance, and business rescue. He has recently joined Matasis Consulting (Pty) Ltd in the Business Rescue division.
Mr Vincent Marino has authored a number of books including the "Business Survival Guide - strategies for struggling businesses" and the popular book "Buying and Selling a Business". He has consulted for a number of years to troubled businesses assisting them to evaluate and implement turnaround strategies. He also served on the initial board of the Turnaround Management Association - Southern Africa.
Mr Bob Power is a lawyer (Barrister by profession), and well known as an adviser to major companies and financial institutions over many years, mainly in the fields of mergers and acquisitions including negotiations, due diligence investigations, and the practicalities of entering or exiting business. He is also an active author and lecturer on a wide range of business and governance issues. He not only lectures on these subjects but also consults and assists with their implementation from entrepreneurs to major corporations.
This invitation was brought to you by Turnaround Management Association - Southern Africa - the forum for turnaround and corporate renewal professionals in Southern Africa, established for purposes of information exchange, knowledge capturing, networking, education and raising the standards of turnaround.
For more information, see Turnaround Events.