Events


Webinar | Governance in the Zone of Insolvency: Guidelines for Effective Governance in Distress

Please don't forget to ADD this event to your CALENDAR!
Tuesday, May 19, 2020
01:00 PM - 02:30 PM CST

11:00 AM - 12:30 PM (Pacific)
12:00 PM - 01:30 PM (Mountain)
02:00 PM - 03:30 PM (Eastern)

WEBINAR
Zoom Invitation Will Be Shared the Day of the Event

Register

Overview

Please join the Atlanta Chapter of the Private Directors Association at 1:00 PM (Central) on May 19th for a webinar where a panel will discuss "Governance in the Zone of Insolvency: Guidelines for Effective Governance in Distress."

Thank you to our National and Gold Chapter Sponsors!

051520_Sponsor_Logos_Only

Panelists

Arden

Mitch Arden
Managing Director
Pheonix Management Services

Mitch Arden is a Senior Managing Director at Phoenix. He is recognized on a national level for his operational skills and abilities to assist troubled and transitional companies. He has led and participated in more than 185 client engagements in a multitude of industries, including manufacturing, wholesale and retail distribution, transportation, utilities, food service, and a variety of service-related enterprises.

Mitch has an extensive background working with public and privately owned companies in the areas of turnaround management, crisis management, operational improvements and efficiency, business strategy, short- and long-term planning, distribution, inventory management and control, cash flow forecasting, financial oversight and financial management. He has successfully assisted a large number of clients with obtaining new or expanded credit facilities or alternative sources of capital. He has also assisted a variety of Phoenix clients with their merger and acquisition activities. In addition to his advisory expertise, Mitch has served in interim operational and financial management positions with a broad array of Phoenix clients, including roles as Chief Executive Officer, Chief Operating Officer, Chief Restructuring Officer, and Chief Financial Officer.

Prior to joining Phoenix Management, Mitch served as Senior Vice President and Chief Financial Officer of TransEuro Group, Inc., a multi-location importer and distributor of automotive replacement parts. Before joining TransEuro Group, he served as Assistant Corporate Controller of The Horn & Hardart Company, a $550 million AMEX company principally engaged in restaurant management, direct marketing operations and hotel/casino management. Mitch began his professional career in 1981 with the Big Eight public accounting firm of Touche Ross & Co. (now Deloitte & Touche).

Mitch earned his B.A. from Glassboro State College (now Rowan University) in 1981. He is active in a large number of industry-related organizations, including the Turnaround Management Association (TMA), Association for Corporate Growth (ACG), Commercial Finance Association (CFA), American Bankruptcy Institute (ABI), and the Risk Management Association (RMA). Mitch is a Certified Turnaround Professional (CTP).

Ferdinands

Paul K. Ferdinands
Partner
King & Spalding

Paul Ferdinands has extensive experience in representing clients in bankruptcy and restructuring transactions. A partner in King & Spalding's Financial Restructuring practice, Paul helps clients buy and sell financially distressed businesses (including in Chapter 11 cases), and also represents companies in connection with in-court and out-of-court restructurings of their financial obligations.

Paul's clients in distressed merger and acquisition transactions have included many notable names in the healthcare, private equity, financial services, energy, technology, manufacturing, agriculture and retail sectors. He also represents debtor/borrower clients in a variety of industries.

A Fellow in the American College of Bankruptcy, Paul is regularly included by Chambers USA in its Leading Lawyers for Business guide. He has also been recognized in The Best Lawyers in America as a 2017 Lawyer of the Year, as well as in Legal 500 U.S. for Corporate and Finance, Atlanta Magazine’s Super Lawyers, and Georgia Trend Magazine’s Legal Elite.

Paul's representation of Cagle's, Inc. in connection with its Chapter 11 bankruptcy filing and the subsequent sale of its business was named 2013 National Transaction of the Year (Large Company Category) by the international Turnaround Management Association.

Sullivan

Michael T. Sullivan
Managing Principal
MTS Advisory LLC

Michael serves as an independent director for companies undergoing financial restructurings, M&A processes, and other operational turnarounds. He takes a hands-on approach typically leading special committees and working closely with management and stakeholders to help guide a company through difficult circumstances. 

Michael has spent his career executing and managing transactions and processes in complicated, dynamic and contentious situations, with a focus on successful outcomes that maximize return and reduce risk.  Prior to forming MTS Advisory, Michael was a Managing Director at Angelo Gordon where he was a part of the distressed investing team.  Prior to Angelo Gordon he worked as an investment banker in the Restructuring Group at UBS advising both debtors and creditors in complex financial restructurings.

Michael earned his undergraduate degree from Bowdoin College, an M.B.A. from the Tuck School of Business at Dartmouth College and an M.A.L.D. from the Fletcher School of Law and Diplomacy at Tufts University.  He lives in New York City.

Taylor

Lawrence Taylor
President
Taylor Strategy Group

Lawrence is a seasoned executive and advisor with more than thirty years of business experience. He has led organizations through complex restructurings, acquisitions, corporate development activities and capital transactions. As an executive and advisor, he has set strategic, financial, operating and turnaround strategies across multiple industries including, casino gaming, hospitality, manufacturing, aviation, real estate, retail, healthcare and medical technology. Over the course of his business career he held positions ranging from financial analyst to corporate director of investor relations to chief financial officer and has extensive knowledge of strategy, corporate finance, financial planning and operations. Most recently, he was EVP of Corporate Development for a large multi-location healthcare practice where he was responsible for development activities and acquisitions. Prior to that he was a partner and managing director in a financial advisory firm that advised on and restructured over $15 billion of debt across a variety of industries.

During his career, Lawrence has served on multiple boards (For Profit and Non-Profit) and a variety of board committees (Finance, Compensation, Strategic Planning and Restructuring Committees), including two companies in Chapter 11 – once as an executive and once as an independent director and chair of the restructuring committee. He is currently on the board of Barrie House Coffee and a member of the Strategic Planning Committee, as well as the board of managers of CLP Holdings III, LLC. He is a member of the NACD (recognized as a Board Leadership Fellow), Private Directors Association, Turnaround Management Association and the Association of Insolvency and Restructuring Advisors.

A native of New Orleans, Lawrence currently resides in Litchfield Park, AZ with his wife and daughter and is an avid woodturner, cyclist and tennis player.

James_G._Tompkins_(002)

James G. Tompkins
Director of Corporate Governance Center

Michael J. Coles College of Business, Kennesaw State University

James Tompkins, a Professor of Finance at Kennesaw State University, is also a founding member of their Corporate Governance Center where he served as Director of Board Advisory Services from 1999 and became its Director in 2016. He also serves as an advisor in Corporate Governance for the Cox Family Enterprise Center.

James has been working with Boards and Senior Management in a variety of in-depth corporate governance consulting assignments since 1999. He has provided Corporate Governance expert witness/litigation support in several high-profile cases including among others Enron, J.P. Morgan (London Whale), Diebold (accounting restatements), Sprint (Sprint-Nextel merger), Colonial BancGroup (FDIC quote: “the most expensive Bank failure in U.S. History”), and Poe Insurance (Department of Financial Services quote: “the largest insurance insolvency in Florida’s history”). Other cases have also included restaurant franchise, healthcare, energy, technology, and other industries. In 2010, NACD’s Directorship listed James as one of 34 “People to Watch” in corporate governance. In the article, the NACD recognized “a short list of movers and shakers who merit serious attention as potential boardroom influentials”. From 2010 to 2015 he served on the Board of Trustees for Life University, which included service on their Compensation (Chair), Audit and Finance, Board Affairs, and Executive Committee. His experience with Boards and top Management includes facilitating and developing optimal governance policies and practices, designing and teaching corporate governance education seminars, designing the processes and conducting Board and Committee evaluations, and advising on other corporate governance issues unique to the client. James has governance-consulting experience with both public and private firms, nonprofit companies, and family businesses. James has published in the area of corporate governance in both journals and practitioner outlets such as NACD’s Directorship, Directors and Boards, and Family Business Magazine. He is an active academic researcher in corporate governance and corporate finance and has authored both research papers and cases in these areas.

Complementing his interest in Corporate Governance, James has enjoyed success with his academic career. He was the Michael J. Coles College of Business recipient of the “Distinguished Graduate Teaching” award for 2018, “Publication Prize” award for 2017, “Career Achievement” award in 2016, “Research Collaboration” award for 2014, “Distinguished Teaching” award for 2013, “Distinguished Professor” award for 2012, “Outstanding Service” award for 2001, and the "Outstanding Scholar” award for 2000. He was also the winner of Kennesaw State University’s “Distinguished Graduate Teaching” award for 2005. In 2007, he received a Senior Specialist Fulbright Scholarship in Greece where he conducted research and lectured on Corporate Governance. He is also the creator of the You Tube Channel “Understanding Finance” with over 5000 subscribers.

James received his Bachelor of Science with honors from the United States Merchant Marine Academy. Upon graduation in 1979 he worked his way up to Chief Officer on unlimited tonnage ocean-going vessels. In 1986 he earned his M.B.A. from the Wharton School of Business with a major in Finance. In 1987 he began working for FMC, a multinational conglomerate, and advised the Board of Directors and Management on major capital budgeting decisions. In 1989 he began his Ph.D. in Finance and graduated from the Ohio State University in 1994 when he joined Kennesaw State University. James is married to his wife Angela and resides in the Atlanta area.

Moderator

Hollingsworth

Bayard Hollingsworth
Managing Director
Phoenix Management Services

Bayard Hollingsworth is a Managing Director with Phoenix and has more than 20 years of experience managing and advising clients in complex situations. As a financial leader, he deploys a hands-on approach, creatively delivering successful results to companies and entities ranging from $5 million to $2 billion in revenue. Bayard's expertise and knowledge spans a wide range of industries including manufacturing, distribution, agribusiness, transportation, food and beverage, business services and consumer products.

Bayard works closely with clients to successfully identify challenges in their operations and capital and organizational structure. He has extensive experience in the areas of turnaround and restructuring, crisis and liquidity management, operational and profit improvement, strategic and bankruptcy advisory as well as sourcing and executing M&A opportunities. He has led many refinancing processes and served in numerous capital raise and investment banking roles. In addition, Bayard has served in a myriad of interim management positions assuming the roles of Chief Financial Officer, Chief Restructuring Officer, and Treasurer.

Prior to joining Phoenix Management, Bayard led the Southeast Region for Triton Capital Partners, Ltd, a Chicago-based advisory and investment banking firm. Before Triton Capital Partners, Ltd, Bayard founded a turnaround and crisis management consulting practice at a super-regional public accounting firm in Atlanta. He developed a group of experts drawn from internal personnel into an effective management and advisory team that assisted numerous clients facing significant challenges.

Bayard earned his B.A. from University of North Carolina at Chapel Hill in 1987 and his Masters of Business Administration from Erasmus University in Rotterdam, The Netherlands. He served as a board member of the Atlanta Chapter of the Turnaround Management Association for seven years.

Register