Liability

To what extent is management accountable?

Croymans, DSB, Ceteco, Vie d’Or, Enron among many others all have one thing in common: they rose to great heights before plummeting to great depths, as a consequence of unbridled expansionism.

What is the moment at which the ‘duty of care’ is boundary crossed, and are the directors and the supervisory board members personally liable for the bankruptcy?

In 2010 Horatio developed a ten points system which can be used to determine where a business stands when facing ruin.

For instance, is short term financing being applied structurally to long-term investments. It is important to weigh the pros and cons of managerial freedom of action versus risk management and internal controls. The ten points system is available in 2011 in a handbook entitled: ‘From Rise to Ruin’, costing € 250 excluding BTW (VAT), which includes a one-hour training session.