Managing in the zone of insolvency: duties of the board of directors in loss situations

The functions performed by the Board of Directors are delimited by the diligence and loyalty duties it maintains with the company. However, this delimitation is developed on the basis of the normal operation of the company in question. However, this delimitation structured based on...

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Detalles Bibliográficos
Autores: Robilliard D’Onofrio, Paolo, Palomino Basurto, Luciana María
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2023
País:Perú
Institución:Pontificia Universidad Católica del Perú
Repositorio:Revistas - Pontificia Universidad Católica del Perú
Idioma:español
OAI Identifier:oai:ojs.pkp.sfu.ca:article/28358
Acceso en línea:http://revistas.pucp.edu.pe/index.php/themis/article/view/28358
Access Level:acceso abierto
Palabra clave:Board of Directors
Zone of insolvency
Companies
Insolvency proceedings
Dissolution
Irregular company
Calling creditors
Bankruptcy procedures
Directorio
Zona de insolvencia
Sociedades
Pérdidas
Estados financieros
Capital pagado
Disolución
Sociedad irregular
Llamar a acreedores
procedimiento concursal
Descripción
Sumario:The functions performed by the Board of Directors are delimited by the diligence and loyalty duties it maintains with the company. However, this delimitation is developed on the basis of the normal operation of the company in question. However, this delimitation structured based on regular business situations, leaving undefined duties that may be demanded during a situation of financial difficulties.This article will explore how the behaviour of the Board of Directors should be when companies are in the ‘zone of insolvency’ considering the different economic scenarios that may arise in distress situations.