Connectivity has accelerated the pace of change and increased the potential for unpleasant surprises – and in the connected world, the shock waves spread much farther. Fears emanating from the liquidity in the US debt markets have sparked the first run on a UK bank in more than 140 years and resulting in contagion in the global the equity markets, even bringing Far Eastern markets off their recent highs.
Multinational organisations also have to manage many more regulations, and a legal change in one territory can have a major impact on a company’s revenues in other territories or parts of its business. The rules governing the protection of personal data are becoming more rigorous and, as more information is stored and transmitted electronically, the potential for breaches of security is increasing. And evidence of economic crime can have a devastating effect. In all such circumstances, maintaining the confidence of stakeholders is crucial.
How PricewaterhouseCoopers can help
Our job is to stabilise troubled companies and buy the management enough time to talk to the relevant authorities, renegotiate financing arrangements or take any other steps that are urgently required. We can help you:
- Negotiate with stakeholders
- Develop a recovery plan and win stakeholder support for that plan
- Implement the financial and operational changes needed to restructure the business
- Investigate allegations of wrong-doing and recover missing assets
- Manage investigations by the regulators and tax authorities
- Introduce new compliance systems and business practices; and
- Provide objective evidence of any losses or damage arising from disputes.
