Description
Presentation explain corporate turnaround and rescue strategis.
28 - 29 May 2007 at the Fairlawns Hotel, Sandton
Corporate Turnaround
and Rescue Strategies
Objectives:
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 and 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.
Learning Outcomes
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.
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 in and lenders to distressed
companies.
Presenters
The lead presenter is Carl Komape, who has spent a number of years at global
advisory ?rm 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 ?nancial 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 ?nancial institutions over many years, mainly
in the ?elds 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.
•
•
•
•
•
Strategic
Alliance Partner
to SAICA
The South African
Institute of Chartered
Accountants
., ·. ',.
“¹ . /, . . ./ /,”
Organised by:
C
o
r
p
o
r
a
t
e
T
u
r
n
a
r
o
u
n
d
A
n
d
R
e
s
c
u
e
S
t
r
a
t
e
g
i
e
s
..,
Case study 1: Unsuccessful turnaround strategy (20
min DVD)
Background to corporate turnaround and rescue
Legislative framework
What is a turnaround situation?
What makes turnaround attempts to fail?
Process to successful turnaround
Business review
Conceptual design – business/restructure plan,
business model, value chain design
Implementation
Communication – inclusive of change management
Project management – monitor and control, revise
and change
Stages of business rescue
Symptoms of decline
Underperformance
Stress
Distress
Judicial management
Liquidation
Causes of corporate decline
Business planning
Legal structure
Financial condition
External factors
Competition
Markets
Business location
Pricing policies
Credit management
Accounting systems
Asset and liability management
Inventory controls
Sales
Sales cycle
Disbursements
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Presenters:
Carl Komape, Vincent Marino & Bob Power
The lead presenter is Carl Komape, who has spent a
number of years at global advisory ?rm 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 ?nancial 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
?nancial institutions over many years, mainly in the ?elds
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.
..,
Case study 2: Successful turnaround (20 min DVD)
Causes of corporate decline (continued)
Taxation
Margin enhancement
New business development
Going concern
Litigation
Legal compliance
Black economic empowerment
Human resources
Succession planning
Corporate governance
Risk management
Safety and security
Business continuity planning
Management information systems
Case study 3: break class into small teams
(depending on numbers)
•
•
•
•
•
•
•
•
•
•
•
•
•
•
BOOKING CONFIRMATION FORM
CORPORATE TURNAROUND AND RESCUE STRATEGIES
Product Code (JHB): SEP161
28 - 29 May 2007, Fairlawns Hotel, Sandton
STRATEGIC EXECUTIVE PROGRAMS CONTACT DETAILS
Telephone Number: +27 (12) 644 2615 :: Fax Number: +27 (12) 644 0185 :: Postal Address: P.O. Box 9799, Centurion, 0046 :: www.stratexec.co.za
Reg No: 2005/014943/07 :: VAT No: 4850226715
Registration will be con?rmed on receipt of a signed booking con?rmation form.
Price (exclusive of 14% VAT): Early Bird: Pay by 20 April 2007
R5 995,00 x (1.14 VAT) x ........ (no. of delegates) = R.................. R5 495,00 (excl VAT)x (1.14 VAT) x ........ (no. of delegates) = R..................
DELEGATE FEE
PAYMENT METHODS:
Please make payments within 7 days of receipt of invoice. Strategic Executive Programs reserves the right to cancel the bookings in event of non-payment.
Cheques to be made payable to Strategic
Executive Programs (Pty) Ltd and posted to:
P.O.Box 9799
Centurion
0046
Bank Transfer/Deposit:
Strategic Executive Programs (Pty) Ltd
Bank: Standard Bank - Knysna
Branch Code: 050314
Account Number: 281961654
Please quote product code as a reference.
1 2
Group Discount:
A 10% group discount is available for
three or more attendees from the same
organisation.
CONFIRMATION AND CANCELLATION DETAILS:
You will receive a con?rmation letter from Strategic Executive Programs in due course. If a con?rmation letter has not been received within seven days of the event,
please contact us at (012) 644 2615. The delegate fee includes all course materials and lunch and refreshments but excludes accommodation.
Delegates unable to attend may send a substitute delegate. Please send written details of substitution. Cancellations in writing must be received more than 10 days prior
to the date of the event and will be liable for 50% of the event fee. Failure to cancel, or cancellations received 10 days or less prior to the event date, will result in liability
for the full event fee. Strategic Executive Programs reserves the right to alter the program and speaker details without notice.
Company Name: ......................................................................................
VAT Number: ............................................................................................
Postal Address: .......................................................................................
Code: .......................................................................................................
Physical Address: ....................................................................................
Code: .......................................................................................................
Telephone Number : ................................................................................
Fax Number: ............................................................................................
Email Address: .........................................................................................
AUTHORISED SIGNATORY
Name: ......................................................................................................
Position: ...................................................................................................
Signature: ................................................................................................
Date: ........................................................................................................
Delegate One:
Full name:.................................................................................................
Designation: .............................................................................................
Email:........................................................................................................
Delegate Two:
Full name:.................................................................................................
Designation: .............................................................................................
Email:........................................................................................................
Delegate Three:
Full name:.................................................................................................
Designation: .............................................................................................
Email:........................................................................................................
Delegate Four:
Full name:.................................................................................................
Designation: .............................................................................................
Email:........................................................................................................
HOTEL AND TRAVEL BOOKINGS
For assistance with bookings for travel and hotel accommodation for the program, please contact, The Travel Emporium.
Contact person: Samm Higgins on +27 (12) 654 4972 or email: [email protected].
The Fairlawns Hotel: (011) 804 2540
.,
·.
',.
Please fax completed booking form to: +27 (12) 644 0185
doc_178155494.pdf
Presentation explain corporate turnaround and rescue strategis.
28 - 29 May 2007 at the Fairlawns Hotel, Sandton
Corporate Turnaround
and Rescue Strategies
Objectives:
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 and 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.
Learning Outcomes
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.
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 in and lenders to distressed
companies.
Presenters
The lead presenter is Carl Komape, who has spent a number of years at global
advisory ?rm 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 ?nancial 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 ?nancial institutions over many years, mainly
in the ?elds 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.
•
•
•
•
•
Strategic
Alliance Partner
to SAICA
The South African
Institute of Chartered
Accountants
., ·. ',.
“¹ . /, . . ./ /,”
Organised by:
C
o
r
p
o
r
a
t
e
T
u
r
n
a
r
o
u
n
d
A
n
d
R
e
s
c
u
e
S
t
r
a
t
e
g
i
e
s
..,
Case study 1: Unsuccessful turnaround strategy (20
min DVD)
Background to corporate turnaround and rescue
Legislative framework
What is a turnaround situation?
What makes turnaround attempts to fail?
Process to successful turnaround
Business review
Conceptual design – business/restructure plan,
business model, value chain design
Implementation
Communication – inclusive of change management
Project management – monitor and control, revise
and change
Stages of business rescue
Symptoms of decline
Underperformance
Stress
Distress
Judicial management
Liquidation
Causes of corporate decline
Business planning
Legal structure
Financial condition
External factors
Competition
Markets
Business location
Pricing policies
Credit management
Accounting systems
Asset and liability management
Inventory controls
Sales
Sales cycle
Disbursements
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Presenters:
Carl Komape, Vincent Marino & Bob Power
The lead presenter is Carl Komape, who has spent a
number of years at global advisory ?rm 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 ?nancial 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
?nancial institutions over many years, mainly in the ?elds
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.
..,
Case study 2: Successful turnaround (20 min DVD)
Causes of corporate decline (continued)
Taxation
Margin enhancement
New business development
Going concern
Litigation
Legal compliance
Black economic empowerment
Human resources
Succession planning
Corporate governance
Risk management
Safety and security
Business continuity planning
Management information systems
Case study 3: break class into small teams
(depending on numbers)
•
•
•
•
•
•
•
•
•
•
•
•
•
•
BOOKING CONFIRMATION FORM
CORPORATE TURNAROUND AND RESCUE STRATEGIES
Product Code (JHB): SEP161
28 - 29 May 2007, Fairlawns Hotel, Sandton
STRATEGIC EXECUTIVE PROGRAMS CONTACT DETAILS
Telephone Number: +27 (12) 644 2615 :: Fax Number: +27 (12) 644 0185 :: Postal Address: P.O. Box 9799, Centurion, 0046 :: www.stratexec.co.za
Reg No: 2005/014943/07 :: VAT No: 4850226715
Registration will be con?rmed on receipt of a signed booking con?rmation form.
Price (exclusive of 14% VAT): Early Bird: Pay by 20 April 2007
R5 995,00 x (1.14 VAT) x ........ (no. of delegates) = R.................. R5 495,00 (excl VAT)x (1.14 VAT) x ........ (no. of delegates) = R..................
DELEGATE FEE
PAYMENT METHODS:
Please make payments within 7 days of receipt of invoice. Strategic Executive Programs reserves the right to cancel the bookings in event of non-payment.
Cheques to be made payable to Strategic
Executive Programs (Pty) Ltd and posted to:
P.O.Box 9799
Centurion
0046
Bank Transfer/Deposit:
Strategic Executive Programs (Pty) Ltd
Bank: Standard Bank - Knysna
Branch Code: 050314
Account Number: 281961654
Please quote product code as a reference.
1 2
Group Discount:
A 10% group discount is available for
three or more attendees from the same
organisation.
CONFIRMATION AND CANCELLATION DETAILS:
You will receive a con?rmation letter from Strategic Executive Programs in due course. If a con?rmation letter has not been received within seven days of the event,
please contact us at (012) 644 2615. The delegate fee includes all course materials and lunch and refreshments but excludes accommodation.
Delegates unable to attend may send a substitute delegate. Please send written details of substitution. Cancellations in writing must be received more than 10 days prior
to the date of the event and will be liable for 50% of the event fee. Failure to cancel, or cancellations received 10 days or less prior to the event date, will result in liability
for the full event fee. Strategic Executive Programs reserves the right to alter the program and speaker details without notice.
Company Name: ......................................................................................
VAT Number: ............................................................................................
Postal Address: .......................................................................................
Code: .......................................................................................................
Physical Address: ....................................................................................
Code: .......................................................................................................
Telephone Number : ................................................................................
Fax Number: ............................................................................................
Email Address: .........................................................................................
AUTHORISED SIGNATORY
Name: ......................................................................................................
Position: ...................................................................................................
Signature: ................................................................................................
Date: ........................................................................................................
Delegate One:
Full name:.................................................................................................
Designation: .............................................................................................
Email:........................................................................................................
Delegate Two:
Full name:.................................................................................................
Designation: .............................................................................................
Email:........................................................................................................
Delegate Three:
Full name:.................................................................................................
Designation: .............................................................................................
Email:........................................................................................................
Delegate Four:
Full name:.................................................................................................
Designation: .............................................................................................
Email:........................................................................................................
HOTEL AND TRAVEL BOOKINGS
For assistance with bookings for travel and hotel accommodation for the program, please contact, The Travel Emporium.
Contact person: Samm Higgins on +27 (12) 654 4972 or email: [email protected].
The Fairlawns Hotel: (011) 804 2540
.,
·.
',.
Please fax completed booking form to: +27 (12) 644 0185
doc_178155494.pdf