Podcast #38 | Jared Ellias: "The Elevation of the Board is an Important Trend in the Bankruptcy Process"

In episode #38 of the Boardroom Governance Podcast, Evan Epstein talks with Professor Jared A. Ellias, the Bion M. Gregory Chair in Business Law and the Faculty Director of the Center for Business Law at the University of California, Hastings College of the Law in San Francisco.

In this podcast, they talk about Jared’s latest article “The Rise of Bankruptcy Directors” where he and his co-authors show that many distressed companies, especially those controlled by private equity sponsors, prepare for bankruptcy by appointing bankruptcy experts to their boards of directors and give them the power to make key bankruptcy decisions. These supposedly independent directors (who are usually appointed repeatedly) often seek to wrest control from creditors of self-dealing claims against shareholders.

They also discuss bankruptcy in more general terms including topics at the intersection of corporate governance and bankruptcy.

You can listen to the episode directly at https://boardroom-governance.com/episodes/jared-ellias (where you can find the show notes), or wherever you listen to your favorite podcasts such as in: Apple Podcasts, Spotify, Google Podcasts or Stitcher.

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