The most appreciated Harvard Audit Committee case, Financial Reporting Problems at Molex, Inc will be used to grasp the changing role of Audit Committees! The case illustrates the relationship between the board, the audit committee, management, and the auditor. The EU has drafted a new directive and regulation, making the role of Corporate Governance increasingly more challenging.
The case shows how to take the role of Audit Committees and Financial Supervision to the next level of financial and risk oversight.
Our very own case Oad: a 90-year-old Family Business in Trouble explores the effects of family businesses in turmoil. Lessons on business models, disruption, dealing with banks and financiers, special asset management, governance and breakthroughs can be learned. Gain the latest insights regarding the changing role of Boards and the challenges related to Corporate Governance.
Oad was one of the top three businesses in the Netherlands specialized in tour operating by 2012. With the tour operating division not being profitable in 2012 and 2013, Oad was placed under the special asset management department of the Rabobank in 2012 due to disappointing results, difficult market conditions and high restructuring costs. Oad was in drastic need of additional financing