The Role of Independent Directors: Navigating Challenges and Case Studies

Directorships are pivotal positions within companies and carry a set of diverse responsibilities and legal obligations. Independent directors may step into directorship positions when companies face financial and operational distress, malfeasance and fraud, and complex regulatory challenges. Independent directors also step in to provide specialist expertise, impartial oversight, and ensure corporate governance and compliance standards are maintained. In this article, we will explore the importance of independent directors and scenarios in which they may be needed, as well as specific case studies where we have taken on directorship appointments to help clients navigate these challenging situations.

News & Articles from Perun

The Chinese property market has been in decline in China for the last few years, with buyers reluctant to buy and lenders unwilling to lend. Caught in the middle are cash-strapped developers. But is the situation turning around – and what can creditors and investors do?

The most sensitive indicator of economic health for our wallets is inflation, which may be defined as an increase in the overall cost of goods and services.

“A very good person to have on your side” says Who’s Who Legal. Meet Gwynn Hopkins, one of Hong Kong’s leading insolvency practitioners and forensic accounts.

Unlike in other parts of the world, there isn’t a formal corporate rescue regime in Hong Kong. So, what can be done if your company is in distress?

As we emerge from Covid-19 into turbulent financial times, insolvencies are on the rise and businesses are under pressure. Will the number of distressed companies increase this year – and what can they do to ride out the storm?

Is the once-buoyant property market bubble in China about to burst? With funding liquidity drying up and slow sales, Chinese developers have been facing challenges on two fronts for the past few years.

The world is going through a period of unprecedented uncertainty brought on by the pandemic and its consequences. For businesses affected, this is how you can weather the storm.

Join Charltons and Perun Consultants in a THREE part webinar series focusing on Insolvency, restructuring & recovery.

Our Managing Director Gwynn Hopkins was recently featured in the latest issue of Financier Worldwide, discussing Perun Consultants and white-collar crime in the age of COVID-19.

Boutique advisory firm Perun Consultants has acquired LMM Consultants, bolstering our services across accounting, financial and operational matters.

The lover of linguistics keeps our wheels churning on a daily basis

In the lexicon of business, due diligence is a common – and often compulsory – part of mergers and acquisitions. But leveraging independent expertise could add value to your business transactions.

It usually takes seven to 12 months to complete the liquidation of a solvent company in Hong Kong. This is how the process works and why you should consider a Members’ Voluntary Liquidation if the business has fulfilled its purpose or wants to cease trading.

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