Director Conduct in the Face of Corporate InsolvencyDecember 2009 – Articles
In the current economic environment, risk and uncertainty seem to be the dominant themes of theday. While the future remains murky, in hindsight some lessons appear clearly out of the trauma that has engulfed the economy during the past two years. Among the more important lessons is the seemingly obvious notion that events in the financial economy have a significant impact in the real economy. At some point relatively late in the crisis Americans became aware that difficulties originally thought to be contained within the financial sector had spilled over into the real economy. As this realization surged into the public consciousness, the perceived scope of crisis enlarged significantly.