g their business situations, typically referred to as corporate turnarounds, or the feasibility of liquidating corporate assets to settle corporate debts, with any remaining funds being distributed to corporate shareholders. Within the context of these two options, these activities are functions of corporate governance. In most instances wherein the corporate turnaround option is pursued, however, the current top management in an affected corporation will not manage the corporate turnaround. Boards of directors and shareholde
Corporate Bankruptcy, Turnaround, & Liquidation. (1969, December 31). In LotsofEssays.com. Retrieved 14:48, July 04, 2025, from https://www.lotsofessays.com/viewpaper/2001605.html